NEW YORK ( TheStreet) -- Samsung released its quarterly earnings performance report on Friday, and on the surface the numbers were decent. Despite seeing an earnings dip over the past three months, the company managed to beat analyst expectations.Digging deeper, however, investors can uncover some impressive news regarding the firm's smartphone division. Although Samsung is still considered a relative newcomer to the industry, the company's products have taken off in popularity. In fact, over the past quarter, Samsung managed to usurp the throne from Apple ( AAPL) to become the world's leading player in the industry, with 24% market share. According to a Reuters report, Samsung shipped nearly 28 million units over the past three months, handedly outpacing Apple's 17 million units.