The last thing we heard from the Apple rumor mill was that it was building a “cheap iPhone.” Not true, said Reuters yesterday, citing an interview Phil Schiller apparently gave to the Shanghai Evening News. Now, Reuters has retracted that story after the Chinese newspaper made “significant changes” to the article. So is there going to be a “cheap iPhone” or not? The Verge’s Bryan Bishop makes a good point when he writes, “It’s important to remember that Apple has never made a habit of making binding public statements about new products before they are released. The company had indicated numerous times it wasn’t interested in pursuing iPads in sizes below 9.7 inches in the past, for example.” [Source: Reuters / Verge]