Apple Falls From 1st to 17th Spot in 'World's Most Innovative Company' Rankings

Fast Company today published its annual rankings of the 50 most innovative companies in the world, with Apple dropping from 2018's top spot to 17th place this year.

According to the rankings, the most innovative company for 2019 is Chinese tech firm Meituan Dianping, which "expedites the booking and delivery of services such as food, hotel stays, and movie tickets." In 2018, the platform facilitated $33.8 billion in transactions for more than 350 million people in 2,800 cities.

a12bionicchip
Other companies in the top five include Singapore-based ride-hailing company Grab, NBA, The Walt Disney Company, and women's fishing e-commerce service Stitch Fix. Square, Oatly, Twitch, Shopify, and Alibaba Group also filled positions higher than Apple, whose in-house processor achievements in 2018 were highlighted:

Apple's most impressive new product of 2018 wasn't a phone or a tablet, but a chip: the A12 Bionic. Debuting in last fall's iPhones, it's the industry's first processor based on a seven-nanometer manufacturing process. The A12's 6.9 billion transistors deliver dramatically faster performance, lower power consumption, and more raw muscle for intensive applications.

Last year Apple was given first place for its 2017 accomplishments, which included the iPhone X, the Apple Watch Series 3, ARKit, and its work to improve medical care with CareKit and ResearchKit. The year previous it was ranked the number four most valuable company.

To create these rankings, Fast Company says that more than three dozen editors, reporters, and contributors surveyed thousands of companies to identify the most notable innovations of the year and trace their impact on businesses, industries, and the larger culture.

In addition to a master list, Fast Company publishes a breakdown of most innovative companies by sector. Apple topped the list in the "Consumer Electronics" category, beating out companies like Google, Microsoft, and Dell.

Top Rated Comments

Keniutek Avatar
54 months ago
No worries, few more animojis and watchbands and the top spot is theirs again...
Score: 98 Votes (Like | Disagree)
sequential Avatar
54 months ago
Deservedly so.
Score: 89 Votes (Like | Disagree)
drumcat Avatar
54 months ago
Surprised they were that high, actually.
Score: 66 Votes (Like | Disagree)
matt_and_187_like_this Avatar
54 months ago
These boards are so funny, everyone is so anti-Apple.
People here are passionate about Apple. But yes, no one gives a **** about watch bands, animojis and phone cases.
Score: 66 Votes (Like | Disagree)
drumcat Avatar
54 months ago
People don't know anymore what innovation even means. The word has been repeated so many times it has lost all meaning.
Tell us, o wise beer.
Score: 64 Votes (Like | Disagree)
Heineken Avatar
54 months ago
People don't know anymore what innovation even means. The word has been repeated so many times it has lost all meaning.
Score: 41 Votes (Like | Disagree)

Popular Stories

iOS 16

Apple Releases iOS 16.4 With New Emoji, Safari Web Push Notifications, Beta Changes, Voice Isolation for Calls and More

Monday March 27, 2023 10:03 am PDT by
Apple today released iOS 16.4, the fourth major update to the iOS 16 operating system that initially came out last September. iOS 16.4 comes two months after the launch of iOS 16.3, an update that added Security Keys for Apple ID. iOS 16‌.4 and iPadOS 16.4 can be downloaded on eligible iPhones and iPads over-the-air by going to Settings > General > Software Update. It can take a few minutes...
iOS 16

iOS 16.4 Will Add These 8 New Features to Your iPhone

Sunday March 26, 2023 8:06 am PDT by
Following nearly six weeks of beta testing, iOS 16.4 is expected to be released to the public as soon as this week. The software update includes a handful of new features and changes for the iPhone 8 and newer. To install an iOS update, open the Settings app on the iPhone, tap General → Software Update, and follow the on-screen instructions. Below, we have recapped eight new features and...
apple mixed reality headset concept by david lewis and marcus kane

Some Apple Employees Seriously Concerned About Mixed-Reality Headset as Announcement Draws Closer

Sunday March 26, 2023 8:25 am PDT by
Some Apple employees are concerned about the usefulness and price point of the company's upcoming mixed-reality headset, The New York Times reports. Apple headset concept by David Lewis and Marcus Kane Initial enthusiasm around the device at the company has apparently become skepticism, according to eight current and former Apple employees speaking to The New York Times. The change of tone...
iOS 17 on Phone Feature

Gurman: iOS 17 to Provide Several 'Most Requested Features'

Sunday March 26, 2023 6:05 am PDT by
Apple changed the strategy for iOS 17 later in its development process to add several new features, suggesting that the update may be more significant than previously thought, Bloomberg's Mark Gurman reports. In January, Gurman said that iOS 17 could be a less significant update than iPhone updates in previous years due to the company's intense focus on its long-awaited mixed-reality...
apple tv 4k red image

Apple Releases tvOS 16.4 for Apple TV 4K and Apple TV HD

Monday March 27, 2023 10:00 am PDT by
Apple today released tvOS 16.4, the fourth major point update to the tvOS 16 operating system that came out last September. Available for the Apple TV 4K and Apple TV HD, tvOS 16.4 comes two months following the release of tvOS 16.3. The tvOS 16.4 update can be downloaded over the air through the Settings app on the ‌‌‌‌Apple TV‌‌‌‌ by going to System > Software Update....
Steve Jobs Theater dusk

Apple Reportedly Demoed Mixed-Reality Headset to Executives in the Steve Jobs Theater Last Week

Sunday March 26, 2023 5:53 am PDT by
Apple showcased its mixed-reality headset to the company's top 100 executives in the Steve Jobs Theater last week, according to Bloomberg's Mark Gurman. In the latest edition of his "Power On" newsletter, Gurman explained that the "momentous gathering" is a "key milestone" ahead of the headset's public announcement planned for June. The event was intended to rally Apple's top members of...
Apple Music Classical

Apple Explains Why It Launched an iPhone App Dedicated to Classical Music

Monday March 27, 2023 8:54 pm PDT by
Apple today published a support document explaining why it decided to release a standalone Apple Music Classical app for classical music. In short, Apple says the app was designed to support classical music's complex metadata:Classical music is different. It has longer and more detailed titles, multiple artists for each work, and hundreds of recordings of well-known pieces. The Apple Music...
iPhone 15 Pro Buttons CAD Leak

iPhone 15 Pro Low-Energy Chip to Allow Solid-State Buttons to Work When Device is Off or Out of Battery

Wednesday March 29, 2023 1:54 am PDT by
The iPhone 15 Pro and Pro Max will use a new ultra-low energy microprocessor allowing certain features like the new capacitive solid-state buttons to remain functional even when the handset is powered off or the battery has run out, according to a source that shared details on the MacRumors forums. CAD-based render of new solid-state buttons on iPhone 15 Pro models The source of this rumor is ...