IT&Software

Nokia To Stop Working On Its Ozo VR Camera

Nokia To Stop Working On Its Ozo VR Camera

Nokia plans to stop developing its Ozo virtual reality camera, a move that will result in 310 lost jobs. Nokia, whose main business is now telecoms network equipment, launched the camera previous year as the first device for its digital media business, one of its new hopes for future growth.

The division was responsible for creating the OZO VR camera, which originally retailed for $60 000 before being cut down to $45 000, will soon be resigned to the annals of history.

Further details are awaited. Nokia said that it would also focus on licensing its existing VR technologies to interested companies. Through a more focused, more agile digital health business, Nokia aims to have larger impact with consumers and the medical community. That would include studios such as Disney, which had a multiyear agreement to use the Nokia cameras for VR.

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Nokia said it plans to cut 310 jobs from its Nokia Technologies division, mainly in Finland, the USA, and the UK.

Investment in this area will be reduced and future versions of its Ozo camera, unveiled in 2015, will be halted, the company said. The business is based on Nokia's technology legacy and the development being carried by Nokia Bell Labs. The camera has eight synchronised 2Kx2K sensors for the video sensor array, full spherical 360×180 degrees coverage with a 195-degree angle of view per lens, and full spherical, 360×360 degree audio capture.

While Microsoft did acquire Nokia's mobile arm a couple of years ago, the company has managed to live on in Finland, the United States and UK by working on other projects. "To start the process, Nokia invited employee representatives of Nokia Technologies in Finland to cooperation negotiations", said Gregory Lee, president of Nokia Technologies.


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