From 9to5Mac's Kuo: Two new AirPods models in Q4 2019 – Q1 2020, one features an all-new design and higher price:
Following just hours after a Digitimes report on ‘AirPods 3′, the veritable TF Industries’ Ming-Chi Kuo reports that Apple is set to launch two new AirPods hardware models as early as the fourth quarter of 2019, quoting a ‘4Q19 – 1Q20’ timeframe.
One of these models is reported as an iterative update to the existing AirPods, and other will come with an all-new form factor and associated higher price...
Internally, Apple will change how both AirPods are manufactured, moving to a system-in-package design that can improve yield rates during assembly, saves space, and lowers production cost.
My take: The rumor sites are running out of modifiers. I've seen Kuo called "noted," "respected," "well-connected," "historically reliable" and "one man [who] stands head and shoulders above all." But "veritable" is new to me. I'm not even sure what it means in this context.
Note that Kuo did not throw his weight behind the rumored feature in Digitimes' report: Noise cancellation.
See also: How reliable is Ming-Chi Kuo?