Enterprise
Apple lost US$ 6 billion because of chip shortages
Will the trend continue?
The global chip shortage affects us all. The industry’s delays, which started during the height of the pandemic last year, have cascaded down to new products, preventing consumers from getting recently launched products. However, amid the shortage’s effects on the consumers, we never really know how it affects companies. According to Apple’s Tim Cook, the global shortages have costed Apple US$ 6 billion in profits.
Recently, Apple reported its earnings for the quarter. Despite everything, the company still enjoyed US$ 83.4 billion in revenue, a strong 29 percent year-over-year increase and only a bit shy of Wall Street’s US$ 84.85 billion in expected revenue.
Speaking to CNBC, Apple CEO Tim Cook explained that the third quarter’s profits could have been larger. Unfortunately, the chip shortages have caused too much damage — approximately US$ 6 billion.
Unfortunately, no one knows how the next quarter might go. Though the current losses from the shortages are still considerable, Apple didn’t exactly have a lineup of fresh products. Most of the company’s stock comes from existing products, ballooned by orders for the iPhone 13 series. The current quarter will have an abundance of new products from both the iPhone and Mac lineups.
At the very least, Apple can sleep better at night knowing that the company is still on the rise especially after a trickier 2020.
Enterprise
Google ordered to pay EUR 4.1 billion in fines
The EU alleges that Google uses its apps to establish an unfair dominance.
European fines have unintentionally become a normal part of doing business in the American technology space. For too long have American companies paid paltry fines to prevent harsher regulation in the European Union. Now, for the first time, Google is about to pay a record-breaking fine that goes beyond “paltry.”
Today, via CNBC, Google has been ordered to pay an astonishing EUR 4.1 billion (or approximately US$ 4.67 billion) in fines. The fine is in response to an anti-competition case.
This has been a long time coming for Google. The original case started in 2018. At the time, the European Union accused the brand of using anti-competitive practices to ensure its dominance in the smartphone market. According to the courts, the company’s bundling of first-party apps for every Android smartphone gives them an unfair advantage in the market and lessens the user’s choice in selecting apps.
For years, Google has fought the fine to seemingly no avail. Now, the company has lost its final attempt, which means that the fine still stands. On the bright side, they did get it reduced from the original EUR 4.34 billion fine.
The European Union is the scourge of every American tech company (and a godsend to consumers). Most notably, the continent’s government forced Apple to adopt USB-C, leading to a more universal experience across brands.
Google’s hefty fine aims to do the same. And it is quite hefty. Whereas previous fines were in the millions (and hence, negligible for most companies), a fine in the billions is more tangible.
Apps
foodpanda relaunches cult-favorite roast chicken brand after 8 years of persistent search queries
Heritage chain Andok’s returns to the platform, driven entirely by long-term user analytics.
In the world of e-commerce and food delivery, platform algorithms usually dictate what consumers see. But occasionally, consumer behavior is so relentless that it shapes the platform’s strategy.
In a move driven entirely by long-term user analytics, foodpanda has officially relaunched Andok’s, one of the Philippines’ most iconic heritage rotisserie chains, back onto its platform after an eight-year absence.
The search bar as a digital wishlist
The decision to ink the partnership wasn’t just a marketing play. It was a response to an ongoing data anomaly. Despite being offline from the foodpanda platform for eight years, Andok’s consistently ranked as one of the most-searched merchants on the app.
Year after year, users treated the empty search results page as an unofficial wishlist. This persistent search intent gave foodpanda a clear, data-backed signal of pent-up demand.
Prior to the official digital rollout, teaser campaigns on social media validated this demand, generating thousands of organic interactions from users anticipating the return.
Bridging heritage flavor with digital infrastructure
For foodpanda, onboarding a merchant with this level of built-in demand fits its broader strategy of marketplace optimization and hyper-local network expansion, turning a heritage brand into another data point for how legacy retail plugs into delivery infrastructure.
For Andok’s, the integration works as a fast track to digital scale. A legacy quick-service chain skips years of independent app development and reaches customers already using foodpanda’s existing logistics network, on a platform they already check daily.
Andok’s built its following on charcoal spit-roasted chicken, a slow-cooked technique that’s stayed largely unchanged since the brand’s early days, alongside seasoned grilled pork belly.
More recently, the Dokito line extended that following into crispy fried chicken and chicken burgers, broadening the brand’s appeal beyond its original rotisserie format and giving foodpanda a menu with both heritage pull and everyday fast-food convenience.
Enterprise
Global Connect Show Shenzhen empowers Chinese enterprises
Opportune time for new Chinese enterprises to go global
The Global Connect Show Shenzhen 2026 (GCS SZ 2026) was successfully held on June 1 at China’s innovation hub.
More than 100 Chinese enterprises joined the event, encouraged to expand into international markets.
The program focused on three core pillars:
- Chinese brand going global
- Global channel connection
- Dedicated “Into the Enterprise” series
China has developed a new generation of internationally competitive companies across various sectors, including:
- consumer electronics
- smart hardware
- artificial intelligence
- robotics
As these companies enter a new phase of going global, demand is growing for global communications, brand building, market trust, and localized business networks.
As such, the Global Connect Show is one of the platforms to be able to strengthen the relationship across enterprises, partners, business associations, and even media and influencers.
It is a significant window for innovative brands to enter global retail channels by building compelling brand narratives and developing strong localized operations.
This year’s GCS is the third staging of the show, which consistently aims to match Chinese brands with partners through a results-first approach. Such an approach includes hands-on product experiences, presentations, and one-on-one meetings.
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