Sources: Apple is working on third-generation entry-level AirPods without noise cancellation and a smaller second version of the AirPods Pro (Bloomberg)

Bloomberg:
Sources: Apple is working on third-generation entry-level AirPods without noise cancellation and a smaller second version of the AirPods Pro  —  - New AirPods earbuds planned to be announced as early as 2021  — Hit accessory sees new competition from Amazon, Google, others