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In a press release announcing it sold 1 millio on the new 3G S since they went on sale Apple included a quotefrom "“Customers are voting and the iPhonw is winning. With over 50,00p applications available from Apple’s revolutionary App iPhone momentum is stronger than The Wall Street Journal reporteds Friday nightthat Jobs, who is expected back from extendeed medical leave this month, underwent a livedr transplant two months ago in Tennessee. The paper cited unnamed Reports on the health ofthe 54-year-old CEO sent the stock down sharply at the beginning of the year, dropping sharexs to a 52-week low of $78.20.
The company'd stock has rebounded since then, however, closingy up nearly 80 percent from those lows on Fridauat $139.48. Apple stock dropped about 1.5 percent Monda y to close at $137.37. The Journal reportedf there is speculation that Chief Operating OfficerTim Cook, who has run the companyt in Jobs' absence, woulds continue in a more prominent role at the Some analysts have said that wouls help insulate the stock more from gyrations relates to Jobs' health it has seen in the The sales that the Cupertino companyt (NASDAQ:AAPL) announced for its newest generation of the iPhone were higherf than those estimated by Piper Jaffrau analyst Gene Munster.
Munster figured there were 750,00p0 iPhones sold since Friday, 50 perceng above his initial projection but well below the 1 millioh 3G versions sold on the launcjh weekend of the previous generationjlast year. Munster said that of the 256 customers his groupp surveyed overthe weekend, 28 percent were switchingy carriers to AT&T. That's down from 38 who were new toexclusivd U.S. service provider AT&T (NYSE:T) last year and 52 percenr in 2007. More than half (56 percent) were upgradin g their old iPhone, compared to 38 percent last year.
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