Microsoft Corp. (NASDAQ: MSFT) On Tuesday unveiled a new version of Surface Pro, a move that may turnaround the declining sales in Surface last quarter.
The new product is the fifth version of the Surface Pro. It is equipped with Intel Corp.’s seventh generation Core processors, which allow the tablet to have faster performance and longer battery life. The device will have 13.5 hours of battery life, a 50 percent increase over the previous version. It is 20 percent faster than the old one.
Microsoft’s new Surface Pro has a thinner and lighter design, equipped with touchscreen display. A keyboard accessory and Surface Pen are sold separately.
The Surface Pro will be available for pre-order in the U.S. on Tuesday, starting at $799. It will launches in June.
The Redmond, Washington-based company reported a 26 percent decline in Surface sales last quarter. The new product will help Microsoft to better compete with its rivals, such as Lenovo, HP and Apple.
Microsoft introduced the new product during a press event in Shanghai. It is the first time for the company to launch a major product outside the U.S. The company also announced that it has created a version of Windows 10 for the Chinese government. It allows the government to use its own encryption on its computers.
Microsoft shares were little changed on Tuesday. The stock was up 10 percent this year.