Both my iPhone and MacBook were bought from Apple Switzerland AG and shipped directly from china to me. The money will stay in Europe unless Trump does another tax holiday where American companies can send money back to the USA without paying taxes on it - otherwise it's a pretty hefty tax bill.
First and foremost, Apple is still an American company and even if it isn't repatriating some amount of income because it doesn't want to pay taxes on it American shareholders still get the benefit of the reported cash position. Apple still owns the assets.
Second, the products are manufactured/assembled in a variety of countries including China, Taiwan, and more - US obviously designs the products and all that. But in each step of the way Apple is paying suppliers, suppliers pay other suppliers and so forth and when you finally go to Apple Switzerland AG and buy your MacBook Pro you're just paying the sum total costs of the profit for Apple, each individual supplier, and manufacturer. All that money has left Europe, Apple Switzerland is just charging you the diff on the imported product and what profit margin they want to make. Maybe it's $250 or something, of the supply chain that is pretty much all that stays in Europe, of course subtracting out where European companies are suppliers.
