It is unclear why a new version of the Apple Pencil may have a redesigned tip, but it is likely indicative of internal design changes.
All in all, the image suggests that the new Apple Pencil's upgrades may be more focused on the internals of the accessory rather than any significant external design changes.Rumored design changes include shorter stems like current AirPods Pro, but without advanced features like active noise cancellation?Updated AirPods Pro could see some design changes like elimination of the stem.