It is owned by HICHINA ZHICHENG TECHNOLOGY LTD.
http://www.networksolutions.com/whois/results.jsp?domain=iPhone5C.com
http://www.networksolutions.com/whois/results.jsp?domain=iPhone5C.com
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They didn't own iPhone either, but when you have $25 billion of cash on hand it's really not a big problem.
It's actually illegal to acquire a domain name when you willingly do it to make money from the business. For example, you could be sued if you acquired an iPhone 6S domain with the intent of selling it to Apple. That's a very elementary explanation but I remember learning about it in my 'legal environment of business and online commerce' course.