Microsoft Corp. unveiled two new laptops on Tuesday running on its Windows 10 S operating system, which will compete with the lower-end PC models of Alphabet Inc. and Apple Inc. . The company introduced a $999 Surface Laptop, which will compete with Apple’s $999 MacBook Air, and a less-frilly $189 laptop targeted for use in schools, which will compete with Google’s $149 Chromebook. To go along with the educational device, Microsoft released a new educational software suite that includes 3D rendering on its laptop and Hololens augmented-reality glasses, as well as a special “education edition” of Minecraft. The product announcements come the same day that Apple is set to report its quarterly earnings. Shares of Microsoft edged up 0.1% to $69.46 in late-morning trade shortly after the event. They’ve gained 10% in the past three months and more than 37% in the past year, outperforming the S&P 500 , which is up 4.7% and 14.7%, respectively.
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