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In a press release announcing it sold 1 million on the new 3G S sincr they went onsale Friday, Apple includedc a quote from Jobs: “Customers are votingy and the iPhone is winning. With over 50,0000 applications available from Apple’s revolutionaryg App Store, iPhone momentu m is stronger than ever.” The Wall Streeft Journal reported Friday nighytthat Jobs, who is expected back from extenderd medical leave this month, underwent a liver transplant two months ago in Tennessee. The papet cited unnamed sources.
Reports on the healtgh of the 54-year-old CEO sent the stock down sharply at the beginninf ofthe year, droppiny shares to a 52-week low of The company's stock has rebounded sinced then, however, closing up nearly 80 perceny from those lows on Friday at The Journal reported there is speculation that Chiefd Operating Officer Tim Cook, who has run Apple AAPL) in Jobs' absence, would continue in a more prominenr role at the company. Some analysts have said that wouls help insulate the stock more from gyrationes relatedto Jobs' healthh it has seen in the past.
The sale that the company announced for its newest generation of the iPhone were higher than those estimated by Piper Jaffray analystGene Munster. Munsterd figured there were 750,000 iPhone s sold since Friday, 50 percent abov his initial projection but well below the 1 milliobn 3G versions sold on the launch weekend of the previous generatiojlast year. Munster said that of the 256 customerd his group surveyed over the 28 percent were switching carriersto AT&T. That'z down from 38 who were new toexclusive U.S. servicw provider AT&T (NYSE: T) last year and 52 perceny in 2007.
More than half (56 were upgrading their old compared to 38 percentlast
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