Nokia is breaking new ground. Previously a global giant in mobile, it sold its smartphone manufacturing business to Microsoft in 2014 for $7.2 billion. Nokia won’t be able to sell new phones until late 2016 under the terms of the ill-fated buyout, but the Finnish company still has years of expertise making gadgets, and it’s using that in a new play for the virtual reality market.
The Nokia OZO VR camera, which will be released this fall, builds on the experience of developing cutting-edge camera phones. The device records audio and 360-degree video, which can then be ported to any number of commercial VR systems.
