Thankscase seems to have solved the problems noted by other reviewers, much to the company's credit. The Apple Pencil no longer wobbles and the stand works exactly as expected. It's a simple little stand, but the anodized aluminum looks so good next to a matching iMac or Macbook. The brand logo is also barely visible - you won't notice it unless you look closely - kudos to Thankcase for that, because there's nothing worse than an eye-catching logo that can ruin a beautiful product. In general, I am satisfied with the purchase (I bought at full price).
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