A man talks on a phone in front of an Apple logo outside its store, following the coronavirus disease outbreak in Shanghai, China, November 7, 2022. REUTERS/Aly Songtumbled on Wednesday after the China-based electronics supplier said an overseas client had asked it to suspend assembly work for a smart acoustic product, which analysts identified as the Apple AirPods Pro 2.
Shares in Goertek fell by their maximum, triggering a trading suspension in accordance with exchange rules. "The issue is more of a technical one, instead of a demand problem," Jefferies analysts wrote, adding that both Goertek and Luxshare had been impacted., had been able to quickly fix the problem and resume production, but Goertek was still in the process of overcoming the difficulty, working with an Apple engineering team on site, they said.