Apple places 17th on 2019 Most Innovative Companies list

Apple has toppled from first place to 17th place in the World’s Most Innovative Companies list from Fast Company. Here’s what the publication has to say about the tech giant:

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“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 such as AI, AR, and high-end photography. At a time when it remains tougher than ever to induce consumers to upgrade, as proven by Apple’s surprise January move to cut revenue guidance on sluggish iPhone sales, the innovative chip design positions the company to create a whole new generation of irresistible experiences.”

Fast Company’s editors and writers sought out “groundbreaking businesses across 35 industries and every region.” The publication also judged nominations received through its application process. The 410 organizations represented "lead their fields and are transforming the world.”