It seems good but it only lasted me a day. A few months ago I bought a really nice iPad case with an Apple Pencil slot. This slot is the perfect size (slot, not clip) to hold my first generation Apple Pencil, but this clip makes your pencil 1/8 inch longer so it no longer fits. Didn't think about it until it arrived but maybe it will save you some time. Instead I bought a pen clip to fit over the pen, not a new cap, and it works great. The product reviewed here was very good, but it didn't work for me because of the accessories I had already bought.
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