Is it possible that the world has enough mobile phones?

Overall global shipments of mobile handsets were virtually flat in the second quarter, rising only 1% to 362 million units, according to new data from Strategy Analytics.

Even smartphone sales failed to shine: Although they increased by 32%, TechCrunch notes that's the slowest the market has expanded in three years. (By way of comparison, smartphone sales jumped 77% in the second quarter of last year.)

TechCrunch attributes the soft sales to a wider economic slowdown and a shift in consumer tastes.

The Strategy Analytics report brought some good news for both Samsung and Apple, which led the smartphone industry in both total shipments and market share. But while Samsung nearly doubled its market share since last year, from 18.4% to 34.6%, Apple's share of the market slipped over the last year, TechCrunch notes.