Apple announced the 2024 iPad Pro featuring an Ultra Retina XDR OLED display and the new M4 chip at the 'Let Loose event' on May 7, 2024.

The M4 chip is based on a 3nm process, delivering 1.5x faster CPU performance compared to the M2 and 22% to 25% improvements over the M3 in benchmarks.

New iPad Pro boasts a 10-core CPU and GPU, dynamic caching, hardware acceleration features, and a 16-core neural engine with up to 38 TOPS.

The 2024 iPad Pro models will be available from May 15, with prices starting at $999 for the 11-inch and $1,299 for the 13-inch variant.

Apple is planning to develop its own AI server processors, with potential initiation in the second half of 2025.

The M2 iPad Air has been released, but the M1 model is currently discounted to $449 for 64GB and $599 for 256GB.

The M1 iPad Air, with features including a 10.9-inch Liquid Retina display and M1 chip, presents a cost-effective alternative to the M2, with additional savings for the Apple Pencil 2.