This just means that the iPhone X is not going to be next year's low-cost phone. Neither the original iPhone nor the iPhone 5 were kept in production a second

This just means that the iPhone X is not going to be next year's low-cost phone. Neither the original iPhone nor the iPhone 5 were kept in production a second year. It got distorted through a game of telephone into the iPhone X being "cancelled." Or rather, it got distorted by people looking to gin up a sensational, yet false story.