Apple may launch iPad with pencil stylus, cheaper Macbook at an event today

According to KGI Securities analyst Ming-Chi Kuo, Apple's new MacBook Air might cost below $1000

Apple is holding up an education focused event today in Chicago where the Cupertino-based software and technology giant is expected to unveil new devices, along with education-centric software.

In the US, Apple once had a stronghold in the education sphere, where the iPads and MacBook Air were considered as the devices of choice for use in classrooms. However, with the launch of Google Chromebook-based and Microsoft Windows-based devices, the demand for iPads and MacBook declined and now stand distant third in the competition.

To regain its leadership status, Apple might launch a new iPad with added pencil stylus functionality, along with