5 Most Innovative Companies in the World

2. Apple Inc. (NASDAQ:AAPL)

In terms of R&D, Apple Inc. (NASDAQ:AAPL) doesn’t spend as much as some of its peers do given that the company spent $26.25 billion in R&D in the twelve months ended September 24, 2022 and $21.91 billion in the twelve months ended September 25, 2021. Nevertheless, Apple Inc. (NASDAQ:AAPL) is still the most profitable tech company in the world given its R&D efficiency. If it continues to efficiently do R&D, Apple Inc. (NASDAQ:AAPL) will likely be able to develop new innovative products in the future.