Update: Reuters takes down story that dismissed Apple's interest in making a cheaper iPhone

Update: The Atlantic is now reporting that Schiller never even mentioned anything cheap iPhone related to the Shanghai Evening News. The newspaper made revisions to Schiller’s comments, who is now quoted as saying that Apple would focus on making “the best products” for customers and “never blindly pursue market share.” Shanghai Evening News removed all mentions of a cheaper iPhone handset in a new version of their story.

News organization Reuters posted a story yesterday that featured Apple senior vice president of worldwide marketing Phil Schiller dismissing Apple’s interest in making a cheaper iPhone.

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