China's Huawei announces new cellphones

The Chinese telecommunications firm Huawei unveiled a series of smartphones at the Mobile World Congress in Spain it said would be priced competitively. The company said it has set a target of selling 60 million smartphones in 2012, an increase of 40 million units from 2011, China's state-run Xinhua News Agency reported Monday. "We want the best performance in the industry, because our brand is not that famous," Huawei Chairman Richard Yu said in Barcelona. Based on a projected increase in sales this year, the company said, it expects to garner between 30 percent and 40 percent of the domestic Chinese market. In addition to the announced Ascent D line of smartphones, Huawei said, it was preparing to launch a tablet with a high-definition screen and a processor that could match those of rivals by industry giant Apple. Huawei, with more than 110,000 employees, has its headquarters in Shenzhen, Guangdong, China.