Nokia (NYSE: NOK ) was until recently the world's biggest phone maker. Today, it's making phones no one wants to buy.

The Lumia 900 was supposed to be the first step back to relevance, but AT&T recently cut the phone's price in half on the back of weak sales. An analyst for Asymco estimated that the company has sold 330,000 of the devices in the U.S., which compares to 4.3 million iPhones sold by AT&T alone in the first quarter.

To make matters worse, Nokia partner Microsoft is releasing a new operating system that won't be compatible with the current operating system, leaving current customers out to dry.

The history of phone makers who lose the top spot in the market isn't pretty. Motorola was once as flashy as Apple in the phone market, Research In Motion's product was so popular people called it CrackBerry, and now Nokia is next in line fading into oblivion.