It seems that Nokia has officially given up on pursuing the consumer market, after announcing that the OZO VR project will be shut down, and 310 jobs will be cut in its Technologies Unit.
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Last year, Nokia unveiled Ozo, a professional-grade 360-degree VR camera, priced at $60,000. But its price has now been cut by 25%, which Nokia says reflects the fast pace of change in the VR market.
After unveiling its Ozo virtual reality camera in July, Nokia has revealed that it will cost $60,000, with shipments beginning in Q1 2016 - but the company has no plans to launch its own VR headset.
From Nokia's Ozo and Cortana's little button, to huge Android flagships, a massive Android vulnerability, and preserving your memories of chicken, it's our regular roundup of the week's top tech news.
After teasing a surprise release at a mystery event, Nokia has finally revealed its next big product, a virtual reality camera aimed at content creators, called Ozo.