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In a press release announcing it sold 1 milliohn on the new 3G S since they went on sale Apple included a quotefrom Jobs: "“Customerss are voting and the iPhone is winning. With over 50,000p applications available from Apple’es revolutionary App Store, iPhones momentum is stronger than ever.” The Wall Streetg Journal reported Friday nightthat Jobs, who is expectedx back from extended medical leave this month, underwent a livert transplant two months ago in Tennessee. The paper citesd unnamed sources.
Reports on the health of the 54-year-olxd CEO sent the stock down sharply at the beginningt ofthe year, dropping share to a 52-week low of The company's stock has reboundec since then, however, closing up nearly 80 percen t from those lows on Friday at $139.48. Apple stock droppefd about 1.5 percent Monday to close at The Journal reported thers is speculation that Chieg Operating Officer Tim who has run the companyin Jobs' would continue in a more prominent role at the company.
Some analystx have said that would help insulater the stock more from gyrations relatedto Jobs' health it has seen in the The sales that the Cupertino compant (NASDAQ:AAPL) announced for its newesf generation of the iPhone were higher than thos estimated by Piper Jaffray analyst Gene Munster figured there were 750,000 iPhones sold sincew Friday, 50 percent above his initial projection but well beloqw the 1 million 3G versions sold on the launcg weekend of the previous generatiohn last year. Munster said that of the 256 customers his group surveyed overthe weekend, 28 percent were switchinb carriers to AT&T. That's down from 38 who were new to exclusive U.S.
service provider AT&T (NYSE:T) last year and 52 percentg in 2007. More than half (56 percent) were upgradingb their old iPhone, comparerd to 38 percent last year.
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