Rumor has it Nokia will unveil a VR device next week

Nokia is reportedly planning to unveil its own VR platform next week at a VIP event in LA, and with the first whispers that Nokia would enter the VR market floating around in April, this report from Re/code could be true.

Nokia Technologies, one of Nokia's many units, is rumored to be behind the device. Nokia Technologies' last device was the Android-powered N1 tablet that was released back in November last year, but the division has teased that it would sell smartphone designs next year, as well as a bunch of software projects.

If the Finnish company did release a VR headset, it would be competing with some of the biggest names in the industry: Oculus and Facebook, as well as Valve and HTC, Microsoft, Google, Sony and Samsung.