Upgrades in the Surface 2, which is the second generation Surface RT, include a 25 percent increase in battery life, a new processor and a new silver magnesium case, which gives the device a new look. Like the Surface Pro 2, it also includes a dual-angle kickstand.
The Surface 2 is going to market cheaper than its predecessor, starting at about $449. The Surface RT hit the market at $499 when it was released.
So far, Microsoft hasn't had much success in the tablet market.
In early July, the company announced a $900 million charge to write down the value of the unsold Surface RT, which the company launched last October. At the end of July, the company--which also launched the Surface Pro in February--had only brought in about $853 million from its Surface sales.
The company only sold a little over one million units of its earlier Surface tablets, so the devices didn't really move the needle for the company's stock, said Rick Sherlund, an analyst for Nomura Securities, on CNBC's "Squawk on the Street" on Monday.
While it's likely the company will have more success with its new tablets, it's not likely the device will appeal to the mass market, he said.
'It's going to have to prove itself in the market, because cool technology really isn't quite enough. It really has to find its niche in the market," Sherlund said. "And the good news is I think the market is going to be more receptive this time than it was last time, but it's still an uphill battle for them to establish themselves in the hardware business."
The Surface tablets are more for productivity use than just consumption, so it has a stronger appeal to the business user, he said.
"if you want a tablet, you just buy an iPad. The mass market who just wants a consumption device will just buy a pure tablet." he said. "This is more for productivity use. It's a notebook that can function as a tablet, but I think you really have to appeal to the notebook, productivity buyer here, more so than a consumer who just wants a tablet."
The tech giant revealed on Monday some new accessories for the devices that give it an edge as a productivity tool, one of which is a cover that also functions as a power source. The new cover extends the battery life, while also functioning as an attachable keyboard.
It also revealed a docking station that can click in with a display port and can power two monitors at the same time.