• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Tuesday, June 3, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

Nokia Kills off Oro and Exits the VR Industry

margin707 by margin707
October 16, 2017
in News
Reading Time: 3 mins read
0
Share on TwitterShare on Facebook

The year 2017 has not been too great for Nokia. Although the company mounted a comeback in the mobile phone industry, things are not going well in their VR department. More specifically, the company is ended support for their Ozo high-end VR cameras. Considering the device has 4K live streaming capability, one would expect more from this unit. Unfortunately, it may never live up to its full potential.

Curtain Call for Nokia in the VR Industry

A lot of people have high expectations for virtual reality, yet it is evident things don’t work out as planned whatsoever. Instead, we see a bit of a standstill in VR, which causes a lot of problems for the companies still active in this space right now. Contrary to what a lot of people expected, Nokia was active in the VR hardware division. That is now coming to an end, as the Ozo VR camera is officially “dead” to the company.

This news comes as a big surprise, as the Ozo has a ton of potential. Live streaming footage in 4K at 60 FPS per eye is pretty significant for the future of virtual reality as a whole. Unfortunately, the unit isn’t selling all that well, even despite a recent price cut. There is not enough VR demand by consumers, let alone professionals. Ozo is an innovation well ahead of its time in this regard, which will come to haunt Nokia by the look of things.

As the VR market develops a lot slower than expected, hardware sales are lagging behind by quite a margin. From this point forward, Nokia will focus its attention on smart health products. This means they will get out of the virtual reality industry entirely, which leaves a major void to be filled. Reducing investments in both financial and time sense makes a lot of sense for the Finnish company in this regard.

Unfortunately, this decision involves a lot more than halting production of the Ozo itself. About 310 jobs will be lost in the process, which shows how fickle the VR industry can be right now. There are plenty of opportunities waiting to be explored, but not every project will be successful. It is also true the Ozo has a hefty price tag, although this was reduced by quite a bit over the past few months.

If you liked this article make sure to follow us on twitter @thevrbase and subscribe to our newsletter to stay up to date with the latest VR trends and news.

Tags: Nokia
Previous Post

The Invisible Hours Review – An Amazing VR Murder Mystery

Next Post

Arktika.1 Review – A Brilliant VR Shooter With Stunning Visuals

Related Posts

bitcoin btc
Featured

K33 Begins Bitcoin Buying with 10 BTC Purchase for Treasury Strategy

June 3, 2025
Binance Beats SEC—Crypto Cheers the Legal Victory
News

Binance Beats SEC—Crypto Cheers the Legal Victory

June 2, 2025
Cardano Tanks 50% From Highs—Hope or Hype Ahead
News

Cardano Tanks 50% From Highs—Hope or Hype Ahead

June 1, 2025
Solana Price Prediction:Is the $200 Dream Dead
News

Solana Price Prediction:Is the $200 Dream Dead?

May 31, 2025
Featured

Netflix Casts Leads for FTX Drama

May 30, 2025
Featured

Trump’s Meme Coin Dinner Under Investigation

May 29, 2025

Press Releases

Binance Beats SEC—Crypto Cheers the Legal Victory
News

Binance Beats SEC—Crypto Cheers the Legal Victory

by Alex Mercer
June 2, 2025

Introduction From courtroom drama to crypto karma, Binance is having a moment. The SEC has officially pulled the plug on...

Read more
Bitcoin Gains Ground as Job Market Wobbles—Digital Gold to the Rescue?

Bitcoin Gains Ground as Job Market Wobbles—Digital Gold to the Rescue?

May 25, 2025
Altcoin Season Is Loading—But First, Let Bitcoin Do Its Thing

Altcoin Season Is Loading—But First, Let Bitcoin Do Its Thing

May 23, 2025
Dogecoin’s Ready to Bark Again—Could $0.30 Be the Next Fetch?

Dogecoin Ready to Bark Again—Could $0.30 Be Next

May 20, 2025
Ethereum Climbs While PEPE Reloads—Who's About to Explode

Ethereum Climbs While PEPE Reloads—Who’s About to Explode?

May 18, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier