Huawei unveiled a series of nova 5 phones on June 21 as opposed to the new Kirin 810 chipset.
Huawei reported second-quarter earnings in the second quarter of 2011, reporting revenue of 30% over the same quarter last year.
Despite Huawei’s rising revenue, the Chinese company reported revenue as low as 39 percent, but sanctions contributed to lower revenues.
A few days ago, Huawei launched its first mobile phone to support fifth-generation network technology for commercial use in Shenzhen, where its headquarters are located.
The launch comes as China’s telecom giant seeks to enter the fast-growing world of the fifth-generation (5G) network.