The company said that the slower-than-expected development of the VR market in digital media means it will reduce investments there and focus more on technology licensing opportunities.
With the new strategy, Nokia will develop the digital health portfolio it acquired with the purchase of Withings in 2016, and focus on growing brand and technology licensing while leaving its successful patent licensing business untouched.
Separately, the company came out with a slew of new products highlighting intelligent access to networks. The new products, as part of Nokia's Intelligent Access vision, includes a Software-Defined Access Network (SDAN) platform that delivers a set of cloud-native software, open programmable hardware and automated operations that drive real world use cases with benefits; the cable industry's first virtualiseddistributed access architecture and cable platform; a carrier-grade in-home Wi-Fi platform; the industry's first wireless PON platform which fully integrates WiGig technology in a Passive Optical Network (PON); new fibre and high-speed DSL deployment options, as well as predictive care services.
The introductions include cloud-native software platform Altiplano and the Nokia Lightspan family of access nodes. Nokia also released a Virtualised Distribution Access Architecture.
