Japanese blog Mac Otakara is reporting that a third-generation Apple Pencil with interchangeable magnetic tips for drawing, painting, etc. is likely to be announced soon.

Based on what my source reported
the new Apple Pencil 3 will come with interchangeable magnetic tips
(for drawing, technical drawing and painting)
Based on what my source reported
the new Apple Pencil 3 will come with interchangeable magnetic tips(for drawing, technical drawing and painting) pic.twitter.com/AXUdpbZFVh
— Majin Bu (@MajinBuOfficial) September 30, 2023
Joe Rossignol for MacRumors:
The second-generation Apple Pencil was announced on October 30, 2018. It comes with one non-magnetic tip, with replacement tips available. The second-generation Apple Pencil attaches magnetically to 2018 and newer iPad Pro models, 2020 and newer iPad Air models, and the latest iPad mini. In the U.S., it is priced at $129.
Apple also continues to sell the first-generation Apple Pencil with a Lightning connector for the tenth-generation entry-level iPad and some older iPad models. It has been rumored that this Apple Pencil model might be updated with a USB-C connector soon. The original Apple Pencil was released in November 2015 for $99.
MacDailyNews Take: If tree, hopefully the magnetic tips are able to be stored inside the Apple Pencil itself.
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Any word on whether this will be backward compatible with existing iPads?
Of course it will be, other than the tips and some improved Bluetooth and ergonomics this isn’t new technology. Apple isn’t going to deny themselves accessory revenue for their 100+ million iPads since 2018 compatible with the magnetic Pencil.
I wonder how strong the magnets have to be to keep the longer tips on the pencil during rigorous use.