Apple: Cheap iPhone will 'never be in the future of Apple products'

The company's head of worldwide marketing shoots down rumors from The Wall Street Journal and Bloomberg

Apple: Apparently, unwilling to skimp.
(Image credit: Justin Sullivan/Getty Images)

Earlier this week, The Wall Street Journal and Bloomberg independently confirmed with their sources that Apple was working on a cheaper iPhone built from lower quality parts — which we took with a dose of healthy skepticism.

On Thursday, those rumors were shot down by Apple's SVP of worldwide marketing, Phil Schiller, who told the Shanghai Evening News that a potentially cheaper iPhone will "never be in the future of Apple products." The Next Web confirmed with Apple that the interview was official. Here's what Schiller said:

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Chris Gayomali is the science and technology editor for TheWeek.com. Previously, he was a tech reporter at TIME. His work has also appeared in Men's Journal, Esquire, and The Atlantic, among other places. Follow him on Twitter and Facebook.