Samsungis the most innovative company, with an innovation score of 9.25/10 according to FOREX analysts based on the number of US-registered patents in 2022, the number of R&D expenses over the last 12 consecutive months and their last reported Intangible Assets.
Most innovative consumer electronics companies
Samsung issued 8,513 new patents in 2022. Apple ranked 2 with an innovation score of 9.03/10 and invested over $29 billion in R&D in the past year. With a score of 8.33/10, IBM, came third with 4,743 patents last year.
Matthew Weller, head of Global Market Commentary at FOREX.com says that the findings show Samsung's dominance in the innovation arena, showing a portfolio of patents that reflect a significant push in consumer electronics.
“This patent portfolio is not just a measure of quantity but a marker of Samsung's potential to disrupt markets and set new industry standards. Meanwhile, Apple's considerable investment in intangible assets and sustainability initiatives showcases a strategic approach that blends cutting-edge innovation with environmental responsibility. These efforts not only fortify Apple's market position but also resonate with a consumer base increasingly attuned to ethical practices. Both companies exemplify how targeted investments in innovation can yield substantial market influence and drive industry trends.”
