• The $50 cost of the budget Apple Pencil is a possibility.
• The alleged stylus is said to be compatible with iPhones.
• At an event in September, Apple apparently planned to introduce a budget pencil.

According to rumours, Apple was attempting to make an inexpensive pencil for its consumers, code-named Marker. In spite of purportedly preparing for a September 2023 launch at the iPhone maker's biggest yearly event, the Cupertino-based tech company has reportedly abandoned all plans to sell the Apple pencil. 

In addition to a lightning connection and a USB Type-C charging port, the hypothetical Apple pencil would have been sold. About such a product, the corporation has not yet made any announcements.
Apple was aiming to release a budget-friendly Apple Pencil that supported USB type-C charging and was compatible with iPhones. The current Apple Pencil charges using a lightning wire, but the company's low-cost iPad Wi-Fi now utilises a USB type-C port, requiring an additional $9 (or around Rs. 750) to purchase an additional dongle.
Sadly, it appears like Apple has scrapped all of its plans to release the device, which was supposed to happen next year. The Apple Pencil with a $50 price tag (about Rs. 4,100) was given the codename Marker. According to the article, the less expensive Apple Pencil might have eschewed features like pressure-sensing technology and an integrated battery.

 Similar to the S-Pen models from Samsung, the iPhone manufacturer decided to create a chip that would be utilised to power the stylus through the attached screen. Apple hasn't yet made any formal pronouncements regarding the release or discontinuation of the reasonably priced Apple Pencil, so we might have to wait until the September event of next year to find out whether or not these rumours are accurate. 

Apple was previously seen submitting an updated patent application for a device that would allow the Apple Pencil to be installed atop the MacBook keyboard. The pencil can be used as a function key when housed in the chassis and can be magnetically retained or secured when it is placed in the storage space, according to the claims. The patent, which the manufacturer of the iPhone and Macbook first submitted during the previous year, envisions the Pencil as a replacement for the row of function keys.

 A California-based corporation might have added 20 additional stylus-related patent claims. According to the invention, the input device may be kept in a compartment within the keyboard enclosure or the chassis.