SHARES in Goertek Inc. tumbled their daily limit of 10% yesterday after the Shenzhen-listed supplier for firms such as Apple and Meta Platforms said an unidentified overseas client had asked it to suspend assembly work for a smart acoustic product.

Goertek, which named neither the client nor its product in a statement late Tuesday, warned that the suspension could hit as much as 3.3 billion yuan (US$455.05 million) in revenue in 2022. GoerTek, which also supplies Samsung Electronics Co. and Xiaomi Corp., said its relationship with other customers remain normal.

Ming-Chi Kuo, an Apple analyst at TF Securities, said on Twitter that, according to his checks, the product involved could be Apple’s AirPods Pro 2.

“Goertek’s suspension of production is more likely due to production issues rather than demand,” he said. (SD-Agencies)