Logitech announces Crayon stylus for the new iPad

• Logitech (NASDAQ:LOGI) announces the Logitech Crayon stylus as a cheaper alternative to the Apple Pencil.
• The Crayon has palm rejection, sub-pixel accuracy, and tilt support like the Apple Pencil but seems to lack pressure sensitivity. 
• The Crayon has a flatter, safety-focused design that could make it a better fit for younger students using the new iPad. 
• Price: Crayon is $49 and the Pencil is $99. 
• The catch: The Crayon will make its debut this summer but only to education sales channels. 
• Logitech shares closed today down 2.8% to $36.42 but are up 1.3% aftermarket. 
• Previously: Apple launches low-cost iPad, costs $299 for schools (March 27)
• Previously: More from Apple's education event; analyst predicts next Watch features (March 27)