Business Week has released its annual list of Most Innovative Companies. For the second year in row Apple is ranked #1. Google and 3M round out the top three spots.

Apple’s successful iPod has become thinner and lighter with each new product release. It has evolved from playing songs to displaying pictures and now playing video. Business Week’s list doesn’t only showcase high-tech companies and their successful and innovative products. The list also includes, Toyota, Proctor & Gamble, IDEO, Ikea, Target, Virgin, and Southwest.

(Via Business Week)