Microsoft (MSFT) Announces Thinner, Lighter 12-inch Surface Pro 3

NEW YORK (TheStreet) -- At an event in New York City Tuesday Microsoft (MSFT) announced the new Surface Pro 3, a device that aims to replace laptops and tablets.

Shares of Microsoft were falling -0.4% to $39.58.

The new Microsoft Surface Pro 3 features a larger, 12-inch display with a 3:2 aspect ratio and a resolution of 2160x1440. The Surface Pro 3 is just 9.1mm thick and weight about 800 grams. The device uses Intel's (INTC) Core i7 processor, making it the "lightest Core product ever created," lighter than Apple's (AAPL) MacBook Air.

Microsoft said it improved the Surface Pro 3 with a new friction kickstand that is adjustable to any angle up to 105 degrees. The new Type Cover for the device includes a new magnetic lock which Microsoft says makes the device easier to use on your lap.

The Surface Pro 3 starts at $799 for the Core i3 base model, and will go on sale Wednesday, May 21.

Must read: Warren Buffett's 25 Favorite Stocks

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

TheStreet Ratings team rates MICROSOFT CORP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:

"We rate MICROSOFT CORP (MSFT) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity, reasonable valuation levels, solid stock price performance and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

If you liked this article you might like

Crazy Weak U.S. Dollar Will Make These 10 Companies Huge Winners

Dow, S&P 500 Set New Records as Fed Moves to Unwind Balance Sheet

Stocks In Negative Territory as Chances for December Hike Surge

Adobe Is a Horse -- Jim Cramer Explains Why

Microsoft's New Xbox One X Shows It's Done Trying to Please Everyone