Hartley Charlton, writing at MacRumors:
Apple has stopped production of FineWoven accessories, according to the Apple leaker and prototype collector known as “Kosutami.”
In a post on X (formerly Twitter), Kosutami explained that Apple has stopped production of FineWoven accessories due to its poor durability. The company may move to another non-leather material for its premium accessories in the future.
As he points out, Kosutami has published correct leaks on FineWoven for months. I suspect that Apple is going to be changing direction yet again when it comes to its accessories.