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Today, Fast Company released its list of the world's most innovative companies for 2019. There were a few surprising changes to the list from last year - one of which is the fact that Apple, which easily topped the list last year, has fallen to seventeenth place.

The first place in the ranking of the most innovative companies for this year was occupied by Meituan Dianping. It is a Chinese technology platform dealing with booking and providing services in the field of hospitality, culture and gastronomy. Grab, Walt Disney, Stitch Fix and the national basketball league NBA also occupied the first five places. Apple was overtaken in the rankings by Square, Twitch, Shopify, Peloton, Alibaba, Truepic and a handful of others.

Among the reasons Fast Company honored Apple last year were AirPods, support for augmented reality and the iPhone X. This year, Apple was recognized for its A12 Bionic processor in the iPhone XS and XR.

“Apple's most impressive new product of 2018 wasn't a phone or tablet, but the A12 Bionic chip. It made its debut in last fall's iPhones and is the first processor based on the 7nm manufacturing process." states in its statement Fast Company, and further highlights the advantages of the chip, such as speed, performance, lower power consumption and enough power for applications using artificial intelligence or augmented reality.

Falling to seventeenth place is really significant for Apple, but Fast Company's ranking is somewhat subjective and serves rather as an interesting insight into what makes individual companies considered innovative. You can find the complete list at Fast Company website.

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