It is the start of New Year and it looks like Microsoft has some plans to start it on a positive note. The Redmond Company is reportedly planning to release the Surface Pro 5 in the first quarter of 2017.

According to a report in DigiTimes, some manufacturing partners have hinted at a March launch for the Surface Pro 5 that will come with a 4K Ultra HD display, magnetic charging stylus. It is expected to be having an Intel Kaby Lake processor inside. In terms of storage, rumors hint at a 512GB+ SSD along with USB Type C and Thunderbolt 3 support inside it.

Taiwanese manufacturing firm Pegatron Technology will apparently handle production of the device. There are booms that Quanta Computer might also be brought on board to assist with the process, however the report doesn't gave any other hints or specifications about the upcoming device.

Pegatron Technology is the same company who Microsoft has outsourced the building of the Surface Studio as well as the older Surface Pros.

Microsoft has launched the Surface Pro 4 back in October 2015. It features 12.3-inch PixelTouch display with a 3:2 aspect ratio. The display is protected by Corning Gorilla Glass 4 that is only 0.4mm thick. It was launched with a new Surface Pen that came with an eraser and could detect 1,024 points of pressure.

The company is also reportedly planning a new Surface Pen to support the Surface Pro 5 that will use magnetic charging and it will also a first for the company's Surface Pro line, reports Economic Times.

There are still around three months for the launch and things may change in the meantime. Microsoft still not confirmed anything regarding the Surface Pro 5. So, there may be changes in certain aspects of the upcoming device when it eventually launches.