After revolutionizing the way people listen to music, Sony's cassette player Walkman finally succumbed to MP3 players and iPods.

Last week, Sony declared that it had stopped production of the iconic, cassette-tape Walkman. The Walkman had been facing cut-throat competition from modern music device such as MP3 players and Apple's iPods, which played the major role in driving the last nail in Walkman's coffin.

The classic electronic device came to an end after more than thirty years. The Walkman, which proved very popular among music lovers, joggers and school-going children, was launched on 1st of July 1979.

The original Walkman was created under the auspices of Sony co-founder Akio Morita, who wanted to have some device to be able to listen to opera on flights.

Sony claims that it sold more than 30,000 Walkmans in merely two months after its launch. The figure jumped to a whopping 50 million within first decade, transforming the company into a global electronics powerhouse.

However, Walkman will still be produced as the company has outsourced some Walkman manufacturing to a Chinese manufacturer to produce the classic device for those who still want to use obsolete cassette tapes. Walkmans produced in China will be supplied in the US and some European and Asian countries.