"Technology Review" has announced the 2011 TR50, the second annual list of the world’s most innovative technology companies. Not surprisingly, Apple is on the list.

In selecting the TR50, the editors of "Technology Review" look for companies that are setting the agenda in an increasingly important market, on the verge of disrupting an established market, or creating an entirely new market. Spanning energy, computing, the Web, biomedicine, and materials, the companies on the list are using their inventions to reshape their industries and to transform how we live.

“The TR50 companies are leaders,” says Jason Pontin, editor-in-chief and publisher of "Technology Review." “They are setting the agenda in their markets and prompting other companies to follow them.”

"Technology Review" says the rest of the consumer electronics industry is scrambling to catch up to the iPad and that the iPhone still sets the standard for smart phones, even if its market share slips. The mag ads that the company's key innovation is that "its limited lineup of mobile devices all run on the same easy-to-use software."

-- Dennis Sellers