Nokia pulls back on VR and axes 310 jobs
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.
Apple and Nokia end all litigation as they sign patent license and business cooperation agreement
Apple is dropping its lawsuit against Nokia. The iPhone manufacturer and the Finnish company reached an agreement to not only bring the intellectual property dispute to an end, but also to start a multi-year patent license.
Described as a "meaningful agreement", details of the new arrangement are confidential, at least for the time being, but Apple does shed a little light on what's going to be happening moving forward. Apple will receive network infrastructure product and services from Nokia, and the company will also resume carrying the Withings health products Nokia bought.
MWC 2017: Withings products to be rebranded as Nokia devices
Last year, Nokia decided to splash a bit of cash and bought Withings. Today at MWC 2017 in Barcelona, it was revealed that existing Withings health and fitness products will be rebranded as Nokia devices this year.
Starting "early summer 2017", Withings' range of smartwatches, digital scales, and other smart devices will come under the Nokia brand. Withings also announced changes to its Health Mate app, and its plans to share user data with "caregivers" through its Patient Care solution -- moves that sees the company take Apple square on.