(Reuters) – Apple Inc plans to cut the price of some of its flagship iPhones for only the second time in the device’s 12-year history, pegging its retail value to past prices in local currencies outside the United States instead of the rising U.S. dollar.

FILE PHOTO: People experience new Apple’s iPhone XS and iPhone XS Max during a media tour at an Apple office in Shanghai, China September 21, 2018. REUTERS/Aly Song

The move is

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