Huawei has launched its new flagship smartphone Ascend P2 in the Mobile World Congress 2013 (MWC) at Barcelona and claims it to be the fastest smartphone in the world.

The device is a successor to the Ascend P1 which was launched at CES last year. It comes with a 4.7 inch display at 720p resolution with Corning Gorilla Glass II protection. The device is powered by a 1.5GHz Quad-Core processor paired with 1GB of RAM and runs on Android 4.1 (Jelly Bean) operating system along with Huawei Emotion user interface (UI). The device is expected to go on sale by the second quarter of this year.

It also features 13 megapixel primary camera with LED flash, 1.3 megapixel secondary (front) camera and for connectivity. It includes 4G LTE (Long-Term Evolution), 3G HSPA+, Wi-Fi 802.11 b/g/n, Bluetooth 4.0, GPS and NFC.

The Chinese smartphone makers, Huawei recently become the world's third-largest maker of smartphones. Huawei also launched it's Make it Possible, a global brand campaign in MWC 2013.

At the press conference Sunday at MWC in Barcelona, the company also announced full-year global sales revenue of $7.5 billion which is 10 percent increase from the previous year. Along with the global sales the company also said it has shipped more than 127 million devices last year.

"At MWC last year, we launched the product name of Ascend, and introduced a series of flagship products. Today at this same platform, we are strengthening the brand promise of our products with our new brand campaign, 'Make it Possible'," said Richard Yu, CEO of Huawei Consumer Business Group. "This gives us strong momentum to focus our efforts to be a leading smartphone brand in the coming years. I am excited that 'Make it Possible' not only defines who we are, it also represents the desire for extraordinary experiences from consumers around the world."

In 2012, Huawei shipped 52 million handsets and out of them, 32 million were smartphones. This represents an increase of 60 percent from the previous year. The company also shipped 50 million mobile broadband (MBB) devices and 25 million home devices.

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