Today, Apple announced a new-and-improved Apple Pencil alongside new iPads at its May 7 "Let Loose" event.

Apple's graphic for today's event showed a hand holding a pencil, so it's no surprise that the Cupertino-based tech giant is unleashing a refresh of its popular stylus. However, what was surprising — and hinted at just the day before by Apple insiders — is that the new Apple Pencil is an entirely new model of the device called the Apple Pencil Pro, set to launch on May 15.