Nokia Technologies is to abandon its Ozo virtual reality ( VR ) camera development programme and instead focus on digital health and licensing . The Ozo camera was aimed at professional film - makers and did generate interest from major companies , including Sony Pictures . Nokia said it 's pulling the plug after slower - than - expected adoption of technology in the media industry . At the time of the hire, Rajeev Suri, CEO and president of Nokia and chairman of Nokia Technologies, gave no indication that the company’s VR business was on its last legs. It stressed , however , it would maintain its commitment to existing customers .
Nokia Technologies is to abandon its Ozo virtual reality ( VR ) camera development programme and instead focus on digital health and licensing . The Ozo camera was aimed at professional film - makers and did generate interest from major companies , including Sony Pictures . Nokia said it 's pulling the plug after slower - than - expected adoption of technology in the media industry . It stressed , however , it would maintain its commitment to existing customers .