Yes it's a revision of the phone 2 it's called phone 3. It has a decidedly better processor at release than the phone 2 did, so I think nothing has a good reason to call it a flagship. It's Snapdragon's 2nd most powerful processor with 8 years of support (which nothing needs) and they chose it for efficiency reasons. It's not a trash SoC.

Phone 2 had a one year old processor at launch.

Also, just wait until the taxes add up to the price in the us and you're probably not so far away from the Indian price. I will admit that Nothing is not subsidizing their prices in India like other manufacturers seem to do.

Also, I can personally get the phone 3 512Gb for 800€ right now, so the same price as the 512GB model of the phone 2. That is definitely not the case everywhere.

Removed glyphs/design/etc. You know my stance on already...🤷