AirTag, Apples item tracking device, was announced almost four years ago. Although the company has introduced new software features for AirTag owners since then, the accessory has never had a hardware upgrade since its launch. But according to the latest rumors, an AirTag 2 is on the way and heres everything we know about it so far.Latest rumors on AirTag 2For those unfamiliar, AirTag is a small accessory that can be used to track items such as keys, backpacks, suitcases and even vehicles. It works through Apples Find My network, which sends the location of the accessory to the owner via other Apple devices nearby, so AirTag doesnt need to be connected to the internet to work.But what about the rumored AirTag 2? According to multiple sources, Apple has been working on the second generation of its item tracker with plans to launch it sometime this year.A Bloomberg report last year revealed exactly what to expect from the AirTag 2 in terms of hardware specifications. According to people familiar with the matter, one of Apples main goals is to extend the range of the Precision Finding feature. Presumably, Apple will use the same UWB chip added to the latest iPhone and Apple Watch models.Currently, an AirTag can be tracked with Precision Finding at a range of 10 to 15 meters thanks to Apples Ultra Wideband U1 chip. However, the latest generation of Apples UWB chip introduced with iPhone 15 and Apple Watch Series 9 has an extended range of up to 60 meters. This makes it easier to find these devices at a greater distance.Other reports also suggest that Apple is working on new anti-stalking measures. For instance, some people have found a way to modify AirTags to disable their internal speaker. Apple wants to find a way to make this modification impossible.Unfortunately, there are no rumors about any changes to the AirTag form-factor. Although the current version is already small enough, its not exactly ideal for things like a wallet. There are third-party item trackers that are almost as thin as a card, but they dont have Precision Finding which is exclusive to AirTag.As for the release date, leaker Kosutami recently suggested that AirTag 2 will be released in May or June, so perhaps well see the new accessory in time for WWDC 2025.What would you like to see in the next generation AirTag? Let us know in the comments section below.Another city is giving out free AirTags to combat car theftsGadgets I recommend:Add 9to5Mac to your Google News feed. FTC: We use income earning auto affiliate links. More.Youre reading 9to5Mac experts who break news about Apple and its surrounding ecosystem, day after day. Be sure to check out our homepage for all the latest news, and follow 9to5Mac on Twitter, Facebook, and LinkedIn to stay in the loop. Dont know where to start? Check out our exclusive stories, reviews, how-tos, and subscribe to our YouTube channel