During the iPhone 18 Pro event, Apple rolled out a pair of new AirPods 5 units, starting at a lower price.

Apple AirPods 5 start at $129, lower than previous generation
Live Translation and 50% better Active Noise Cancellation (ANC) are the key features on the new units. Otherwise, the design is very similar, but not identical, to the previous AirPods 4.
“We’re thrilled that with AirPods 5, we’re able to bring Active Noise Cancellation — one of our most beloved features — to our most affordable AirPods,” said Dave Pakula, Apple’s vice president of Hardware Engineering in a statement. “Both AirPods 5 models deliver a world-class listening experience and enable features like Live Translation for even more people. Paired with Siri AI, AirPods are a game changer for unlocking powerful hands-free capabilities.”