Ozo

It probably won’t come as much of a surprise that Nokia have pulled the plug on their $25,000 Ozo VR camera. At least, not as much as it has come to the up to 310 Nokia employees (30% of their workforce) that are about to be laid off. Nokia blame the “slower-than-expected development of the VR market”, apparently.

Basically, we aren’t buying VR gear fast enough. So, it’s all our fault. Well, what did they expect when they put out a special use niche camera for $25K? Although, to be fair, this is less than half of its initial launch price of $60K. Still a little high, even for the somewhat higher end of the VR market.