In Python, __new__() is responsible for creating a new instance of a class, while __init__() is responsible for initializing the newly created object. __new__() is a static method that takes the class itself as its first parameter and is used to create an instance, while __init__() is an instance method that is called after the instance has been created to initialize its attributes.
class MyClass:
def __new__(cls):
# creating a new instance
return super(MyClass, cls).__new__(cls)
def __init__(self):
# initializing the newly created object
self.value = 10
