Microsoft is all set to hold a press event in Los Angeles, where the Redmond firm is widely expected to unveil a tablet manufactured in partnership with Barnes & Nobles.

If the emerging reports are genuine, it will be first time in thirty-seven years that the software giant will introduce a computer of its own creation. The event is scheduled for Monday.

So far, the Redmond firm remained dependent on third party manufacturer for the creation of the hardware for its software. But over the last few years, it lost a considerable ground to Cupertino, Calif.-based Apple who creates its own software as well as hardware.

Sources say that Microsoft has now become tired of losing ground to Apple’s iPad, and thus concluded that it must have its own tablet PC to recover the ground it has lost to the Cupertino firm.

CNet, TechCrunch, and The Verge recently reported that Microsoft’s potential tablet, which will be produced in partnership with Barnes & Nobles, will focus on entertainment.

Reports also suggest that Microsoft’s potential tablet will run Windows 8 RT operating system, and include Xbox Streaming.

Microsoft and Barnes & Nobles announced their partnership in April, when the two companies confirmed that the Redmond firm would invest $300 million into a new Barnes & Nobles subsidiary that would concentrate on the Nook.