Apple Inc.
Apple's iWatch, like most of its products, is made by Foxconn and other suppliers. In regulatory filings, Apple says virtually all of its manufactured products come from external sources.

IW U.S. 500 Rejects: Companies Pulled from the List Because They Don't Manufacture Products

May 24, 2023
Many of the largest companies in the U.S., including Apple, Nike and Advanced Micro Devices, no longer manufacture any of their own products.

Though all of the companies on this list include manufacturing as a primary or secondary industry code in regulatory filings, IndustryWeek editors chose to exclude them from the 2023 IW U.S. 500 list of the largest publicly traded manufacturing companies in the country because they outsource all or the overwhelming majority of their production. 

2023 IW U.S. 500 Coverage

To confirm whether or not a company should be called a manufacturer, editors examined more than 650 10-K annual filings with the U.S. Securities and Exchange Commission. In those reports, the companies on this list detailed the networks of suppliers that they use to handle production.

* For several companies, the most recent annual data is from their 2023 fiscal year reports.

All data courtesy of S&P Global Market Intelligence

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