Business, Companies, Entertainment, Hardware, News, Virtual Reality (VR), VR World

Nokia stops Ozo Development

Nokia says it will stop development of its Ozo virtual reality camera, leading to 310 job losses in Finland, the US, and the UK. The company says the change is due to the slower-than-expected development of the VR market, and that it will instead focus on patent licensing and digital healthcare. Nokia Technologies is laying off up to 310 people as part of the move. Nokia Networks is unaffected. The reductions will happen mainly in the U.S., U.K. and Finland, the company said, and account for about 35 percent of the 1,090 employees in Nokia Technologies, as the unit overseeing VR efforts (along with Health and licensing of

Read More...

Breaking

Nokia Brings Real Time Virtual Reality to TV Broadcasts

After almost a three-fold reduction in revenue thanks to the most disastrous CEO of all times, ex-Microsoft management disaster called Stephen Elop, Nokia is finding its new path as the largest network backbone provider. The company mantra of focusing on delivering and distributing content through its own channels (new consumer devices from Nokia coming this year), it looks like the time has come to disrupt another firm industry. At the launch of OZO virtual reality camera, Nokia stated that this is just a beginning for the company, and that they plan to significantly disrupt the conventional 2D spaces, especially in broadcast and film industry. Given the 3D modelling

Read More...

3D, Audio/Video, Augmented Reality (AR), Breaking, Business, Entertainment, Graphics, Hardware, News, Virtual Reality (VR), VR World

Nokia Launches a Surprising VR Device: Professional Camera

Without any doubt, Nokia is one of most versatile companies in the world. This company was founded in 1865, and the products the company made since its inception till today is almost deserves to name the company chameleon, not Nokia. After a lot of changes, the company is now consisted out of three business units (Nokia Networks, Nokia Here and Nokia Technologies), one of which is currently in the process of sale, probably to a joint German automotive maker effort (VAG AG represented by Audi, Daimler AG represented by Mercedes-Benz and BMW). Given that Nokia Technologies is tasked with the return to mobile space, we were caught off-guard

Read More...