The move marks a rare shift for the 50-year-old company, which has had just seven CEOs, including Steve Jobs.

Since 2011, Cook has led Apple through extraordinary growth, scaling its market value from $350 billion to $4 trillion and nearly quadrupling revenue, cementing one of the most successful leadership tenures in corporate history.

In other news, two of South Korea's largest technology companies, KRAFTON Inc and Naver Corporation, have partnered with Mirae Asset Venture Investments to launch a Rs 6,000 crore India-focused Unicorn Growth Fund.

The announcement was made during a meeting attended by Union Minister for Commerce & Industry Piyush Goyal; Republic of Korea's Minister of Trade, Industry and Resources Dr Jung-Kwan Kim; global CEOs of KRAFTON and Naver, and the CEO of Mirae Asset Venture Investments (India) Private Limited.

Meanwhile, SpaceX is planning to cement founder Elon Musk's control after its IPO, granting him and a small group of insiders ​super-voting shares that will outweigh other investors, according to excerpts of the company's IPO filing reviewed by Reuters.

In today's newsletter, we will talk about

• Tier II & III cities drive 66% of D2C orders
• An AI co-pilot for travel planning

Here's your trivia for today: What's the most expensive domain in internet history?

Insight

Tier II & III cities drive 66% of D2C orders

India's D2C boom is shifting beyond metros, with smaller cities now driving the bulk of new demand. Fresh data from Unicommerce shows Tier II and III markets are not just adding volume, but reshaping how ecommerce grows and operates.

Key takeaways:

• Tier II and III cities accounted for 66% of new orders and 60% of incremental GMV in FY26, marking a clear shift from metro-led demand.
• The D2C sector saw 33% growth in order volumes and 32% GMV growth YoY, signalling sustained expansion across categories.
• Better logistics and verification have reduced RTO rates significantly, highlighting a more mature and efficient ecommerce ecosystem.

In-focus

An AI co-pilot for travel planning

Planning a trip today often means juggling endless content, reviews, and options, turning excitement into fatigue. Bengaluru-based startup Gumo is tackling this "decision overload" with an AI-powered travel co-pilot that helps users move seamlessly from inspiration to itinerary through personalised, context-aware recommendations.

Key takeaways:

• Gumo captures travel intent early, turning links from Instagram, YouTube, or OTAs into structured itineraries, visual maps, and bucket lists.
• It analyses content across platforms to generate tailored match scores and aggregated, less-biased property insights.
• By simplifying choices and improving relevance, Gumo aims to solve low loyalty in travel apps, driving higher engagement and repeat usage.

News & updates

• Oil shock: A prolonged disruption in energy supply can widen India's trade deficit and strain the fiscal account of the world's fastest-growing major ​economy, according to rating agency Moody's.
• AI rebound: A fresh wave of AI-driven optimism is set to lift US stocks beyond earlier expectations, say strategists at JPMorgan Chase & Co., who have raised their year-end target for the S&P 500 to 7,600 from 7,200, implying about 7% upside from its latest close of 7,109.
• Volkswagen: Volkswagen ​Group announced ‌on Tuesday ​its ​AI roadmap in ⁠China ​to incorporate ​its "agentic AI" into vehicles ​built ​on its China-only ‌architecture, ⁠starting from the ​second ​half ⁠of this ​year.