Bhubaneswar, May 6 -- Apple's special event, called 'Le Loose', is set to happen on May 7. During this event, Apple is expected to announce new models for the iPad Pro and iPad Air, as well as updates to the Apple Pencil and Magic Keyboard accessories.Here are five things to know before the event:

Two new iPad Pro models are speculated to be unveiled, featuring the latest M4 chip and sleek OLED displays. These models might have a thinner design, reduced bezels, and possibly a matte screen option.

This event marks the first time Apple introduces the M4 chipset in the iPad Pro lineup.

The upcoming iPad Pro models might also boast an upgraded Neural Engine, making them AI-powered devices.

Apple is considering raising the prices for its i...