Microsoft (MSFT) is making a bid for the $17.7 billion education market with a new low-cost Surface device that the company hopes can win back consumers who have switched to inexpensive Google (GOOG, GOOGL) Chromebooks.

The Surface Go, which hits the market August 2 for $399, is the smallest and least expensive product in Microsoft’s stable of Surface offerings. Similar to the Surface Pro, the Go is a 2-in-1 tablet-laptop hybrid. With that functionality and that price tag, the Surface Go is perfectly situated to take on the vast array of Chromebooks on the market, not to mention Apple’s (AAPL) own student-friendly iPad.

A smaller Surface

The Surface Go packs a petite 10-inch display, and measures just 0.33 inches thick without an attached keyboard cover. Add a cover on and you’re looking at a device that’s 0.51 inches thick. The Go is equally lightweight at just 1.15 pounds (1.69 pounds with a keyboard cover), making it ideal for students and consumers on the go.

And make no mistake. Like Apple’s iPad and Google’s Chromebooks, Microsoft’s Surface Go isn’t just for classrooms. This slate is just as much a mass market product as it is a device meant for education settings.

Like the Surface Pro, the Surface Go features a built-in kickstand that allows you to use the tablet as a laptop when you connect a Surface Type Cover, or simply watch movies without having to hold the slate the whole time.

Basically, the Surface Go is a Surface Pro that Microsoft fired a shrink ray at. The one difference you’ll notice between the two, and you’ll really have to know what you’re looking for, is that the Go has more rounded edges than the larger Pro. Microsoft even managed to cram its gorgeous PixelSense Display in to the Surface Go, which offers a resolution of 1,800 pixels x 1,200 pixels.

Apple’s 9.7-inch iPad, however, tops that with a display resolution of 2,048 pixels x 1,536 pixels. Still, the Go’s panel is stunning to look at.

In terms of ports, the…

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