A report from Paul Thurrott's Supersite for Windows said Microsoft would be launching its second-generation Surface tablets. The products would be introduced but not released at a New York event on Monday.

Microsoft was slated to release the new versions of Surface Pro and Surface RT this year. Thurrot also said that Microsoft was working on a Surface mini tablet but won't be launching it in the event. The 8-inch tablet was said to be powered by a Qualcomm ARM Processor and would run on Windows RT 8.1. A BGR report said that the smaller Surface tablet would compete with Apple's iPad mini, Amazon's Kindle Fire and Google'x Nexus 7.

CBS Moneywatch reported that Microsoft posted revenues of USD 6.7 billion in FY 2012 before Surface was introduced. However, in FY 2013 when it launched and marketed Surface, Microsoft posted a drop in revenues of USD 6.5 billion. The report also pointed to the USD 900 million Surface RT inventory writedown last quarter as the reason why the tablet was a flop.