Nokia Shuts Down Ozo VR Camera Division

Nokia is giving up on VR – 300 jobs at risk

The Finnish company said in a statement that it would focus on patent, brand and technology licensing, and digital health as they are witnessing faster growth.

October 10: Finnish multinational communications company Nokia has announced termination of its Ozo Virtual Reality (VR) camera, which in turn may lead to around 310 job losses in Finland, the U.S., and the UK.

The Nokia Ozo VR camera was never meant for the average user. Nokia is clearly betting that it can reap the rewards of a digital health market that may be maturing more quickly but also faces serious challenges of its own.

The firm said it would maintain commitments to existing OZO customers but did not elaborate on what exactly that meant. The camera captured 4K images and video with help from eight wide-angle cameras, which came in a package that weighed 9.3 pounds.

Bob Corker Refers to Trump White House as 'Adult Daycare Center': Read
Corker aide Todd Womack also says Trump "reaffirmed that he would have endorsed" the senator, "as he has said many times". In so doing, Corker said publicly what many Republicans in Congress have largely limited to their private conversations.

Since, the VR market failed to grow at a pace that Nokia expected it to, along with rivals making cheaper alternatives, Nokia's decision appears sensible.

Despite its price, the OZO camera featured some impressive pieces of kit. The figure represents around a third of the Nokia Technologies workforce.

KitGuru Says: Back in 2014 and 2015, there was a lot of hype surrounding virtual reality and how it was going to be the next big thing.

Nokia said the change in direction could affect the jobs of up to 310 of the 1,090 people employed by Nokia Technologies. Nokia, whose main business is now telecoms network equipment, launched the camera a year ago as the first device for its digital media business, one of its new hopes for future growth.

Related News:

  • Catalonia debates as independence declaration looms

    Catalonia debates as independence declaration looms

    The region's president Carles Puigdemont is expected to address parliament tomorrow following a landmark referendum to separate. The Catalan government had previously said it would declare independence within 48 hours of a yes vote in the referendum .
    ICE Warns It Will Conduct 'At-Large Arrests' in California Neighborhoods and Worksites

    ICE Warns It Will Conduct 'At-Large Arrests' in California Neighborhoods and Worksites

    It also limits cooperation between local police forces and federal authorities in operations to track down undocumented immigrants.
    Sops rain at 22nd GST Council meeting

    Sops rain at 22nd GST Council meeting

    In a signal to textile traders in Gujarat, the tax rate on man-made yarn has been fixed at 12 per cent, down from 18 per cent. A total of 72 lakh taxpayers have migrated from the old regime and 26 lakh new taxpayers have registered under the GST.
  • Penn State up to No. 3 in AP poll

    Penn State up to No. 3 in AP poll

    The Spartans turned things around last week, grinding out a 17-10 win over Iowa in which they won the turnover battle 2-0. Speight had struggled throughout the season as he only completed 54.3% of his passes while throwing two interceptions.

    Odell Beckham Jnr injured as Giants suffer another defeat

    He missed the first game and the result was a lack of offensive firepower and set the tone ofr a what the season would hold. He rose for the catch then came down awkwardly, his leg appearing to get caught under cornerback Casey Howard.
    Iowa St.'s Lanning plays both ways; Cyclones stun Oklahoma

    Iowa St.'s Lanning plays both ways; Cyclones stun Oklahoma

    The senior ranked second in the Big 12 and fifth in the nation in tackles per game heading into Saturday's contest. In the offseason, Lanning had moved to middle linebacker when he lost the starting quarterback job to Park.
  • Nadal eases past Kyrgios to claim China crown

    Nadal eases past Kyrgios to claim China crown

    When I saw the draw at the beginning of the tournament, I know that will be very, very hard to have a good chance here. A great classic for Kyrgios , what... "It is an important title for me", Nadal said after the match.
    Iraqi PM does not want 'armed confrontation' with Kurds

    Iraqi PM does not want 'armed confrontation' with Kurds

    October 6 (IANS): Thousands of people on Friday bid farewell to former Iraqi President Jalal Talabani who died earlier this week . Macron is now the only global leader working to reshape the geopolitical situation in Iraq as the Islamic State is dissolving.
    We still have something to fight for, says Ghana coach Appiah

    We still have something to fight for, says Ghana coach Appiah

    Egypt will officially qualify if they beat Congo in Alexandria and Uganda stumble against Ghana in the same round. The 56-year-old explained his reasons for dropping a handful of stars from Ghana's squad for the Uganda clash.
  • Spain the 11th Team to Qualify for the 2018 World Cup

    Spain the 11th Team to Qualify for the 2018 World Cup

    Third-placed Ukraine defeat bottom-side Kosovo 2-0 to join Serbia on 17 points, but they have an inferior goal difference. The Manchester City midfielder is the only player Lopetegui has used in all 13 games he has taken charge of to date.
    Summit is fresh impetus to EU-India FTA talks: Juncker

    Summit is fresh impetus to EU-India FTA talks: Juncker

    He also welcomed the resumption of tactical exercise in the Gulf of Aden between EU's Naval Force Atlanta and the Indian Navy. Prime Minister Modi told reporters that the two sides have agreed to work in close cooperation against terrorism.
    Amaju Pinnick:

    Amaju Pinnick: "The Super Eagles need to keep calm against Zambia"

    We are fully focused and ready. "They know us, so we have to change a few things, be more risky so as to surprise them". Our team has shown professionalism, dedication and determination to be in this position", captain John Obi Mikel said.


Most liked

Kremlin positive over initial contact with Riyadh on S-400 supplies
It can carry three types of warheads created to destroy targets including aircraft, as well as ballistic and cruise missiles. It is the first visit of a Saudi monarch to visit Mr Putin.

Las Vegas Shooter Booked Room At Hotel Overlooking Lollapalooza, As Well
Sheriff Lombardo said Paddock had been "living a secret life, much of which would never be fully understood". Las Vegas killer Stephen Paddock's brother once threatened to kill a friend in California, TMZ reported .

Dove apologises for racially insensitive advertisement on Facebook
The racial-suggestive images have caused outrage on social media , with users threatening to boycott the beauty brand. Cosmetics brand Dove has become the bane of the internet after it posted an advertisement considered to be racist .

Microsoft has finally admitted that Windows Phone is dead
Back then, major smartphone manufacturers such as Nokia , HTC, and even Samsung manufactured Windows Phone devices. Belfiore tweeted that the number of Windows 10 Mobile users is "too low for most companies to invest".

Mass. police officers head to Puerto Rico to assist with hurricane relief
According to the NGO, almost 60 percent of children in Puerto Rico live below the poverty line. A group collecting supplies for the people in Puerto Rico are asking for help from you.

Costa Rica clinch World Cup spot despite draw
They were quarter-finalists in Brazil in 2014 and reached the knockout stage in Italy in 1990. Men's National Team in its pursuit of the country's eighth straight World Cup appearance.

Police seek eyewitnesses to Natural History Museum crash
A witness said there were large numbers of police and paramedics at the scene although the atmosphere appeared calm. The Metropolitan Police said they received a call just after 2.20pm yesterday to inform them of the incident.

Intrepid hosts set to create history with World Cup bow
He has lessons for himself, too. "The eventual target is to secure progression to the next stage while taking one game at a time". The Colombians went in search of an equaliser after the break, with their best chance falling to substitute Deiber Caicedo.

Allegations against Amit Shah's son: Trinamool seeks CBI probe
The charge was rejected by the BJP and Shah's son, Jay Amit Shah, who termed the story "false, derogatory and defamatory". The Congress sought answers from Prime Minister and the BJP president, and demanded a probe by the ED and the CBI.

Journalist Kim Wall's head is found
The main suspect of his murder, the name of that Danish inventor Peter Madsen , denies killing her, claiming an accident. Police said that Madsen killed her, dismembered her body and strapped to the torso of the pipe, to hide the crime.

Girlfriend of Las Vegas shooter arrives in the U.S. to aid investigations
The brother's account drastically differs from a witness who said the 64-yer-old would verbally abuse Danley in public often. They also claimed Ms Danley had been sent $127,000 (£95,000).

Final vote count in New Zealand election tightens close race
But some say Peters could be swayed to go to National given it would be a straightforward coalition between two parties. 'We will continue our negotiations in earnest with potential support parties, beginning this weekend'.

'Rush Hour 4' On The Way, Under One Condition!
One, it's been ten years since Rush Hour 3 came out, which means that it's about five years overdue according to his timeline. Filming should start next year, at least, he "hopes" it will, since it all depends on whether Chris Tucker agrees to return.

British PM May should call a leadership contest, former party chairman says
The BBC quoted May as saying the country needed "calm leadership" adding: "That's what I'm providing". He said it was unclear if there would be enough support to topple May.

Aaron Ramsey must inspire Wales without Gareth Bale
Ramsey was outstanding that night and will hope to deliver a similar performance in Tbilisi, where he will win his 50th cap. Four points between the two matches would all but guarantee advancement, and even just one win could be enough.