This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Microsoft Surface Getting an Update

NEW YORK (TheStreet) -- Though it's no iPad in terms of sales figures, Microsoft's (MSFT) Surface 2 is starting to act more like the Apple (AAPL) device.

In a blog post, Microsoft announced that the Surface 2 would getting Long Term Evolution (LTE) capabilities, via AT&T (T), with a price for a 64GB device of $679. The company noted the device would be available at Microsoft retail stores, www.MicrosoftStore.com, BestBuy.com and all Best Buy (BBY) and Best Buy Mobile stores, starting Tuesday. In comparison, a 64 GB iPad Air with LTE connectivity will cost users $829.

Shares of Microsoft were higher in Monday trading, gaining 1.3% to $38.20.

Panos Panay, Microsoft Surface corporate vice president, noted that not only would the Surface get cellular connectivity, users would get 200 GB free worth of storage, via Microsoft's OneDrive, formally known as SkyDrive. "Mobile professionals, as well as anyone who wants access to their digital life and work while in motion, are going to love it," Panay wrote in the blog post.

In Microsoft's fiscal second quarter, Surface sales accounted for $893 million in revenue, more than double what it was the prior quarter, and Panay noted that's increasing. "Every day, more and more people are using Surface. As the device becomes a part of people's everyday lives, I get excited about the possibilities that start to open up with a fully connected device." 

Of course, the iPad still dominates the tablet market when accounting for unit sales, as Apple sold 26 million iPads in its most recent quarter, a record. The iPad accounted for $11.468 billion out of $57.594 billion in overall revenue during Apple's fiscal first quarter.

Nonetheless, Microsoft is slowly but surely getting there, taking its time in attacking the tablet and 2-in-1-device market. Panay hinted that there would be more to come this year as it relates to the Surface: "It promises to be an exciting year for Surface. More on that later!"

-- Written by Chris Ciaccia in New York

>Contact by Email.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7890 -13.6380 -0.30%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs