Apple crowned the world’s most innovative company

Apple tops the 2016 Global Innovation 1000 Study by Price Waterhouse (PwC). The Cupertino, California-based company has held the top spot for six years running.

Apple spent $8.1 billion on research and development last year. It beat Alphabet. Google, and Samsung on PwC’s ranking.

As it has in each of the past 11 editions of the Global Innovation 1000, this year Strategy& identified the 1,000 public companies around the world that spent the most on R&D during the last fiscal year, as of June 30, 2016. To be included, companies had to make their R&D spending numbers public. The Global Innovation 1000 companies collectively account for 40 percent of the entire world’s R&D spending, from all sources, including corporate and government sources.