Apple is preparing for a significant launch event, as reported by Mark Gurman in Bloomberg’s Power On newsletter. The tech giant is set to unveil its latest offerings, the new iPad Pro and iPad Air, during the week of May 6.

The anticipated launch will introduce new models, including 11-inch and 13-inch OLED iPad Pro versions, alongside a larger 12.9-inch iPad Air. Additionally, consumers can expect refreshed Magic Keyboard and Apple Pencil accessories to accompany these devices.

This announcement marks a notable event for Apple, as it’s been nearly eighteen months since the release of any new iPad hardware. The upcoming iPad Pros are expected to boast enhanced displays, transitioning from mini-LED to OLED panels similar to those found in iPhones.

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This upgrade promises deeper contrast and increased brightness. Alongside display improvements, there’s anticipation for a sleeker design, with a thinner chassis and a repositioned front camera to the landscape edge. These new models will be powered by the advanced M3 chip.

However, consumers may need to prepare for potential price hikes, as hinted by Gurman’s newsletter. Currently, the 11-inch iPad Pro starts at $799, while the 12.9-inch model begins at $1099.

For those seeking a more budget-friendly option, the new 12.9-inch iPad Air aims to deliver a larger screen size without breaking the bank. Details regarding its processor, whether M2 or M3, remain unclear at this stage.

Excitingly, the new accessories are expected to enhance the user experience further. Rumors suggest that the new Apple Pencil might include a new squeeze gesture feature, while the Magic Keyboard for iPad Pro is set to mimic a laptop with its aluminum base and larger trackpad.

Although updates for the base model iPad and iPad mini are scheduled for later in the year, Gurman anticipates only minor improvements, primarily a processor upgrade for the iPad mini.