here is how the world works.
Apple-of-Ireland orders a smartphone from its
Chicomm supplier, the cost is about $50.
Apple-of-the-US ‘’’buys’’’ that smartphone
for $400 from Apple-Ireland, even though
Apple-Ireland has done next to nothing.
.................
all the markup happens offshore
No, that is NOT how it works, RockyTx. Apple does not buy it from Ireland. The Europeans buy it from ireland Apple. Quit talking about something you do not have a clue about. I do. I am an ex CEO, educated as an Economist, and know how to read Financials. It's obvious you don't have the faintest idea what you are talking about except what the LIBERALS have spoon fed you.