Verdict: The M4 Air is the better buy for anyone purchasing new; M2 Air owners should only upgrade if the landscape camera or M4 performance gaps affect their actual usage.
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Winner: Apple iPad Air 11" M4
Spec-by-spec comparison
Apple iPad Air 11" M4
Apple iPad Air 11" M2
Chip
Apple M4 (3nm)
Apple M2 (5nm)
Neural Engine
38 TOPS
15.8 TOPS
Display
11" Liquid Retina IPS, 500 nits
11" Liquid Retina IPS, 500 nits
RAM
8GB
8GB
Base Storage
128GB
64GB
Front Camera Position
Landscape edge
Portrait edge
Apple iPad Air 11" M4
What works
Landscape front camera — correct position for keyboard/stand video calls
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