Aside from the M4’s modest performance improvements over the M3, it seems likely that Apple will add a new webcam to match the ones added to the iMac and MacBook Pros. The M4 can also support up to three displays simultaneously—two external, plus a Mac’s internal display. The M3 supported two external displays, but only if the Mac’s built-in screen was turned off.
Gurman also indicates that refreshes for the basic 10.9-inch iPad and the iPad Air are coming soon, though they’re apparently not as imminent as the M4 MacBook Airs. The report doesn’t indicate which processors either of those refreshes will include; the current iPad Air lineup uses the M2, so either the M3 or M4 would be an upgrade. If Apple wants to bring Apple Intelligence to the 10.9-inch iPad, that would limit it to either the A17 Pro (like the 7th-gen iPad mini) or a variant of the Apple A18 (like the iPhone 16e). Apple Intelligence requires a chip with at least 8GB of RAM.
The iPad Air was refreshed a little less than a year ago, but the 10.9-inch iPad is due for an update. Apple gave it a price cut in 2024, but its hardware has been the same since October of 2022.