I didn't know it charges magnetically while resting on the side of IPAD. I got a cover, which has a place to put the pencil and accessories. Glad you like the newer generation one. I don't always use it, but maybe I will more this time. When I first got the first generation one, they didn't have any place to put it, then when I upgraded iPads over the years and covers, they had a loop to put pencil, but that wasn't so great. LOL. I did read today that the newer generation is a better pencil than the 1st one. Ordered this morning and I will get it this afternoon! Love Amazon Prime! LOL. Thanks again!