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Shares in Goertek fell on the information that manufacturing of what are believed to be the AirPods Professional 2 has been paused, triggering a buying and selling suspension.
Goertek has confirmed solely that an abroad consumer has requested it to droop manufacturing of a sensible acoustic product. Nonetheless, a number of sources together with Ming-Chi Kuo have recognized it as AirPods Professional 2.
In response to Reuters, the information meant shares in Goertek “fell by their most,” or somewhat an quantity that triggered an automated suspension in buying and selling.
Goertek estimates that the halting of manufacturing will have an effect on it by as much as $455 million, or 4.2% of its 2021 income.
The difficulty seems to be a technical manufacturing one, somewhat than being any reflection of an absence of demand. Reuters experiences that whereas manufacturing shifted from Goertek to Luxshare, the latter agency has had manufacturing difficulties too.
Reportedly, an Apple engineering workforce is on website at Goertek, working to resolve the issue.