Nokia is killing off its Ozo virtual fact cam and cutting 310 jobs

as declared in Nokia tells it going to stop growth of its Ozo virtual fact camera, leading to 310 job losses in Finland, the US, and the UK. It was only 2 years ago that Nokia phone reported the Ozo cam system and positioned it as a high-end option for filmmakers to capture 360-degree video. In a press statement, Nokia phone told it going to "maintain commitments" to existing Ozo customers, though did'nt clarify what that means. Nokia going to this time focus on its digital health portfolio, that includes Withings, the firm it bought in 2016. Correction: The article has been updated to clarify that 1,090 people work in Nokia phone Technologies, not the whole company.

Weekly break news round-up: Nokia phone drops Ozo & Dell backs IoT

Mediaset shares soon skyrocketed causing a bitter legal dispute with Vivendi, that is being sued for damages of approximately €3bn. Harvey Weinstein sackedHollywood maker Harvey Weinstein has been fired from The Weinstein Company. Nokia axes Ozo for digital healthcareNokia reported it going to stop developing its 360-degree Ozo virtual fact camera, resulting in 310 job losses in Finland, the US and UK. Dell going to determine up a new division in R&D for the developing net of things (IoT) market, placing IoT ahead of cloud services. Facebook unveils VR Oculus Go headsetDuring the Oculus Connect four conference, Facebook Founder check mark Zuckerberg unveiled the $199 VR headset Oculus Go, ARS Technica reported.

Nokia scraps virtual fact cam Ozo

as mentioned in Nokia scraps virtual fact cam Ozo The tech firm released the cam aimed at "professional creators" in 2015, and 2 years later has decided to pull it from the shelves. The original Nokia phone Ozo cam from 2015Nokia has reported it is scrapping its virtual fact cam Ozo, 2 years after its release. The cam was aimed at "professional creators", and cost $60,000 (£46,000) the time it released in 2015. The tech firm has told in a statement which it going to this time focus its efforts on health tech products. Read Design Week's complete story from November 2015 on the Nokia phone Ozo launch here.

Nokia Scraps Ozo VR Camera

Nokia OZOLamenting Slow Market Growth, firm going to Eliminate up to 310 JobsCiting what it called "the slower-than-expected development of the VR market," Nokia phone abruptly reported which it is halting development of the Ozo VR cam and associated hardware marketed with Nokia phone Technologies. Nokia told it would maintain its commitments to existing customers who have invested in the Ozo. Nokia Technologies told it going to turn its attention to accelerating development in digital health, a market it got in with the acquisition final year of health-tracking device producer Withings. The Ozo was a high-end cam for professional 360-degree stereoscopic image capture, however it toted a high-end value tag, also — the Ozo was introduced at $60,000. The generality recent model, the Ozo+, was introduced at $45,000 and had been discounted to $25,000 with when yesterday's announcement was made.

collected by :Roy Mark