Nokia Won't Be Making Any New OZO Cameras

Nokia Won't Be Making Any New OZO Cameras

The company says that the VR market has grown more slowly than expected, and as a result, investments will be cut, and the development of the OZO VR camera and hardware will stop.

The Ozo VR camera was Nokia's first product after the sale of its handset business to Microsoft. Nokia is planning to let go of employees housed in Finland, the United States and Britain locations. The company said it plans to continue supporting existing OZO customers. Going forward, Nokia will be focussing on licensing out its patents and digital healthcare, rather than virtual reality or smartphones.

The arm of the business which is responsible for the development of the camera, called Nokia Technologies, will, therefore, lay off up to 310 people as part of the shift, it said, but assured Nokia Networks will remain unaffected. It's capable of capturing stereoscope 3D through eight synchronised, optical image sensors and spatial audio via eight microphones.

Having seen its dominance of the mobile phone market shrink to nothing in the wake of smartphones from Samsung and Apple, Nokia in 2015 pivoted to the nascent VR market. That's a not-inconsiderable chunk of Nokia Technologies's staff, either, which now numbers around 1,090.

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Nokia introduced the Ozo two years ago.

Nokia will instead make digital health, which it launched with the acquisition of Withings in 2016, a key priority. Clearly things have not taken off in the way it had expected, which now also raises questions on whether the future of filmmaking does lie with VR.

Nevertheless, the layoffs will mainly happen in the US, UK and Finland and account for around 35 percent of the 1,090 employees in Nokia Technologies.

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