Microsoft's Panos Panay shows off the company's latest tablet at a press event in New York City. The new 12-inch tablet weighs 1.76 pounds, is 2,1600x1,440 pixels, and supports a stylus.
The phone maker runs into Lumia launch challenges in the U.K., and overall sales so far have not been as strong as hoped.
According to new data from research firm Flurry Analytics, 1.76 billion apps were downloaded during the last week of the year.
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"If I cannot make money on handsets, I will not be in the handset business," John Chen tells Reuters.