Apple's newest Pencil is marketed as the most affordable Apple stylus. And that is strictly true – it's the cheapest Apple Pencil available, though whether $79 is affordable will depend on your circumstances.
Apple is aiming this new stylus for iPads at students or those with tighter budgets, who use their stylus for tasks like note-taking and don't necessarily need all the features of the Apple Pencil 1 or 2, like pressure sensitivity, for example.
