Apple slips to 17th spot in ‘50 Most Innovative Companies’ list

San Francisco: In the wake of dwindling iPhone sales amid overall sluggish global smartphone growth, Apple fell from the first position in 2018 to the 17th spot in the annual “50 Most Innovative Companies list for 2019” by US-based business publication Fast Company.

Last year, on the basis of innovations like AirPods, Augmented Reality (AR) and iPhone X, Apple secured the first spot and this year the company is only credited for its "A12 Bionic" processor which has been incorporated in the iPhone XS and iPhone XR models.

“Apple’s most impressive new product of 2018 was the ‘A12 Bionic’ chip that debuted as the industry’s first processor based on a seven-nanometer manufacturing process,” said the report.

‘A12 Bionic’ processor is the industry’s first 7nm chipset manufactured with a six-core CPU, four-core GPU and an upgraded eight-core Neural Engine with 6.9 billion transistors that deliver dramatically faster performance.

Chinese on-demand service platform Meituan Dianping topped the list, followed by Singapore based ride-hailing company Grab. Meituan Dianping helps in faster booking and delivery of services such as hotel stays and food.

Others in the list were Square, Twitch, Shopify, Peloton, Alibaba and Truepic. “Our 2019 ranking of the businesses making the most profound impact on both industry and culture showcases a variety of ways to thrive in today’s volatile world,” said Fast Company. (IANS)

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