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China's Huawei reveals 'fastest smartphone in the world' as it struggles for respect in US

  • Huawei Ascend P2 2.jpg

    Feb. 24, 2013: Huawei's new flagship model that it calls "the fastest smartphone in the world." The device supports faster download speeds than other phones, but today's wireless networks aren't equipped to supply those speeds.AP Photo/Huawei

  • Huawei Ascend P2.jpg

    Feb. 24, 2013: Huawei's new flagship model that it calls "the fastest smartphone in the world." The device supports faster download speeds than other phones, but today's wireless networks aren't equipped to supply those speeds. The new phone, the Ascend P2, will have a 4.7 inch screen.AP Photo/Huawei

Huawei, a Chinese company that recently became the world's third-largest maker of smartphones, has a new flagship model that it calls "the fastest smartphone in the world."

The company says the device supports faster download speeds than other phones, but today's wireless networks aren't equipped to supply those speeds.

The Ascend P2 has a 4.7 inch screen and runs Google Inc.'s Android software. Huawei says it will be available in the April to June time frame for about $525 without a contract.

Huawei Technologies Ltd. was the world's third largest seller of smartphones in the fourth quarter, according to research firm IDC. That's despite selling very few phones in the U.S., where the big phone companies mostly ignore it.