Despite all of the hype and excitement surrounding virtual reality over the past couple of years, the market for VR has not grown at the pace Nokia had anticipated or hoped it would. As a result, the company has decided to ‘optimize’ its investments in VR, starting with halting development of Ozo, a 360-degree VR camera that debuted at $60,000

Source: Hot Hardware – Nokia Cans Ozo Premium Virtual Reality Camera, Lays Off 310 Employees