Nokia is blaming "the slower-than-expected development of the VR market" for its decision to focus its energies and investment in digital health. The company says it will not be developing any more virtual reality hardware, but will continue to support its OZO VR customers. The shift in focus will result in the loss of 310 jobs, which Nokia says will be mainly in Finland, the US and the UK. The figure represents around a third of the Nokia Technologies workforce. Nokia Technologies will now concentrate on the digital health portfolio it acquired through the purchase of Withings last year, and… [Continue Reading]
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