Re: Any reasons as to why the iPhone 5C isn't cheap
Apple doesn't "hide" money offshore. Get your facts straight.
Apple earns profits from their foreign business units, and continues to invest overseas in a large part because of the confiscatory tax policies of the US.
If they bring that money back to invest in the US, the government takes between 40 and 50% in taxes.
Anyone - business or individual - would be foolish to accept that, so they invest abroad.
Good for the company. Good for the stockholders.
The US can stop this by simply taxing corporations a reasonable rate for money's earned by overseas business units, however they have refused to do so, forcing any company who wishes to compete internationally to invest their foreign profits abroad.