But as Steven P. Jobs of Apple spoke, President Obama interrupted with an inquiry of his own: what would it take to make iPhones in the United States?

Not long ago, Apple boasted that its products were made in America. Today, few are. Almost all of the 70 million iPhones, 30 million iPads and 59 million other products Apple sold last year were manufactured overseas.

Why can’t that work come home? Mr. Obama asked.

Mr. Jobs’s reply was unambiguous. “Those jobs aren’t coming back,” he said, according to another dinner guest.

https://www.nytimes.com/2012/01/22/business/apple-america-an...

And also $200 billions they have in safe havens

I mean, this is a company which stoves way money in tax havens. Apple may be incorporated in the US, but it is pretty much a global company. If the US decides to clamp down on free-wheeling capitalists taking advantage of globalism, sure, but until then, it is a fool's errand to presume a business of such scale is going to leave profits on the table because nationalism.

Numbers don't add up. There is a reason you have to pay 200K to great engineers in USA vs say 80-k100K in India (which is like the top 1% of salary there and only the best get it). So yea, it is Capitalism 101.