Right on schedule.
From Nikkei Asia's "Apple trims AirPods production plans as sales lose steam" posted Wednesday:
Apple is trimming its planned production of AirPods wireless earphones by 25% to 30% this year as intensifying competition dents sales of the U.S. tech giant's fastest-growing product line, sources briefed on the matter told Nikkei Asia.
Apple now expects to make between 75 million and 85 million units for 2021, compared with a previous production forecast of 110 million units.
The downward revision indicates that demand is weakening for AirPods, whose shipments have been growing by double-digit percentages since their introduction in 2016.
My take: I wouldn't be surprised. AirPods were on most every American teenager's wishlist last Christmas, and according to the latest teen survey, they got their wishes. I should add, however, that Jonny Evans at Apple Must offers a plausible alternative to Nikkei's theory of weakening demand: