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.

Nokia kills off Ozo high-end virtual fact cameras

Image copyright Getty Images Image caption The Ozo could livestream picture at 4K selution to each eye at up to sixty frames per secondNokia is winding drop its high-end virtual fact cam division. "The unit aims to halt growth of more versions of the Ozo cam and hardware, while maintaining commitments to existing customers." Image copyright Nokia phone Image caption The camera's value restricted its audience nearly solely to professionalsIt added which 310 jobs were being cut as a consequence, affecting posts in Finland, the UK and US. Image copyright Nokia phone Image caption Nokia phone brought out a second-generation output earlier this year at a lower value than the original"The Ozo is may be the simplest cam in the world to use," Ian Syder said the TVTechGlobal break news site. Image copyright Nokia phone Image caption The amount of storage required and processing time included add to the costs of Utilizing OzoIt went on discound for $45,000 however was discounted to $25,000 5 months later.

Nokia president talks Ozo and the company's large VR bet

according to Haidamus recently realized that, rather than compete with the likes of Oculus, Sony and HTC for the crowded VR headset market, Nokia phone can plug a hole in the produce process and reinvent itself. And, further crucially, establish Ozo as the go-to VR produce solution and itself as a market leader. With Ozo, its $60,000 production-ready VR camera, Nokia's poised to become a large player in which burgeoning market. And all of this comes together in a lightweight (less than ten pounds), futuristic package which looks like what you'd expect from a VR camera. To further streamline the produce process, Nokia phone has made Ozo's file storage convenient with housing a 500GB SSD alongside the battery in an oblong, removable cartridge.

collected by :Roy Mark