Microsoft said on Tuesday its new Surface tablet computer — designed to challenge Apple’s iPad — will be sold at roughly the same price as the market leader.
Microsoft began taking pre-orders for the Surface, which will start at US$499 for US customers for a tablet with 32 gigabytes of memory. A 64GB version bundled with a black touch cover is priced at US$699.
The prices are in line with the iPad, which begins at US$499, but with less memory. Apple is expected to unveil a low-priced “iPad Mini” next week.
Surface will be available on Oct. 26 at Microsoft Store locations in the US and Canada and will be sold online in eight markets: Australia, Canada, China, France, Germany, Hong Kong, Britain and the US.
Microsoft chief executive Steve Ballmer has described the iPad challenger — complete with a built-in stand and ultra thin covers which double as keyboards in a range of colors — as a tablet that “works and plays.”
The tablet will run on the Windows 8 operating system, which is also being released on Oct. 26.
Analysts said Microsoft was walking a fine line in not pricing the Surface too low, which could upset its partners, or too high, to discourage buyers.
At that price level, Citi analyst Walter Pritchard said, “we are not sure there is sufficient motivation to lure consumers away from the iPad.”
“We believe by pricing Surface in line with iPad, Microsoft may be indicating that it feels good about the product and that the addition of Office more than justifies the price parity,” the analyst added.
Morgan Stanley’s Adam Holt called Surface “a compelling value” because it includes the Office software suite, which includes the widely used word-processor Word, which may be key for business users.
As Microsoft announced prices of its tablet, Apple sent out invitations on Tuesday for an event in exactly one week’s time where the company is widely expected to unveil a new “iPad Mini,” a smaller version of its market-leading tablet computer.
“We’ve got a little more to show you,” said the invitations for Tuesday’s event in San Jose, California.
Some blogs that closely monitor Apple say the new tablet could be priced from US$249 to US$399, which could pressure rivals such as the Amazon Kindle Fire.
Various reports have cited the specifications of the new tablet and some pictures have also leaked.
The new tablet is also expected to have a screen of 7.85 inches, compared with 9.7 inches for the current iPad.
Elon Musk’s lieutenants have reached out to chip industry suppliers, including Applied Materials Inc, Tokyo Electron Ltd and Lam Research Corp, for his envisioned Terafab, early steps in an audacious and likely arduous attempt to break into the production of cutting-edge chips. Staff working for the joint venture between Tesla Inc and Space Exploration Technologies Corp (SpaceX) have sought price quotes and delivery times for an array of chipmaking gear, people familiar with the matter said. In past weeks, they’ve contacted makers of photomasks, substrates, etchers, depositors, cleaning devices, testers and other tools, according to the people, who asked not to
The EU and US are nearing an agreement to coordinate on producing and securing critical minerals, part of a push to break reliance on Chinese supplies. The potential deal would create incentives, such as minimum prices, that could advantage non-Chinese suppliers, according to a draft of an “action plan” seen by Bloomberg. The EU and US would also cooperate on standards, investments and joint projects, as well as coordinate on any supply disruptions by countries like China. The two sides are additionally seeking other “like-minded partners” to join a multicountry accord to help create these new critical mineral supply chains, which feed into
Japan approved ¥631.5 billion (US$3.97 billion) in additional subsidies to hasten Rapidus Corp’s entry into the high-stakes artificial intelligence (AI) chipmaking arena, ramping up support for a project widely regarded as a long shot. The capital is intended to bankroll Rapidus’ work for information technology firm Fujitsu Ltd, one of the initial customers that Tokyo hopes would get the signature endeavor off the ground. The new money raises the fees and investments that the government is injecting into the start-up to ¥2.6 trillion by the end of the current fiscal year to March next year, the Japanese Ministry of Economy, Trade and
The founder of Chinese property giant Evergrande Group (恆大集團) has pleaded guilty to charges of fraud and bribery, a court said yesterday, the latest blow for what was once the country’s leading developer. Evergrande’s rise was propelled by decades of rapid urbanization and rising living standards, but in 2020, its access to credit dramatically narrowed when the government introduced curbs on excessive borrowing and speculation. The company defaulted in 2021 after struggling to repay creditors. Founder Xu Jiayin (許家印), 67, known as Hui Ka Yan in Cantonese, was reportedly held by police in 2023, with Evergrande saying he had been subjected to