I believe Apple could be a Korean or Irish company. If I were Tim Cook, I would be looking to uproot the company to avoid dealing with a micromanaging government. It's not worth it.
In 2010, Apple felt like a hardware company obligated to design software. In 2025, they feel like a software company obligated to make hardware. With the DMA/DSA barrelling down the tracks it doesn't really matter where Apple is headquartered - governments will regulate you out of certain behavior. They have to reform their business pretty radically if they want to remain profitable, the old economics can't keep limping along like they used to.