Nokia 'Ozo' virtual reality camera costs $60,000 but is it worth it? [specs, release date, update]

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Among the most advanced technology gadgets or products today is Nokia's high-end virtual reality camera referred to as "Ozo." It is a camera especially invented to capture audio and video in complete 360-degree glory. The product has been announced in the month of July 2015.

According to The Verge, it is the kind of technology that what the VR market lacks today. It is the product that they need in order to solve their problems with making the best live-action VR content.

On Monday night, Nokia finally announced how much will it cost to have this cool and techy product. Since Ozo is offering a lot to its users, it is not priced cheap. It comes with a hefty price tag of $60,000. What are the features of this virtual reality camera to be this expensive?

According to CNet, Nokia is expecting companies to spend a huge amount of money for this Ozo virtual reality camera. Well, it is already expected that companies rather than normal households will want it. After all, people do not really need to have this kind of camera at their home, right?

On the other hand, big companies, such as HTC, Facebook, Google, and Sony are expected to be interested with the product knowing that they are dedicated to offering their customers a virtual reality. These companies are currently developing their own set of handsets that will be the instruments to let people enjoy the virtual reality through the films and games they release.

The Ozo virtual reality camera will play a big role in achieving the success of these companies in providing the best virtual experience to their customers. It can fulfill the high demands of VR content creation.

Aside from revealing the price tag of the high-tech camera, Nokia also revealed its full specs. This made a lot more people, media, and companies much more excited for its launching.

According to Nokia, this is the technology that will let people and companies bid goodbye to complex multi-camera rigs. They boast its integrated power and memory. They emphasize that it comes with an interchangeable digital cartridge. The best thing about this is that it lets a person record a "45-minute long" video or audio. It also lets people saves multiple videos in a single file.

It is stated that it is expected to launch at early 2016. It is anticipated that its launching will serve as the new era of virtual reality experience.