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My Profile Top News Reuters top ten news stories delivered to your inbox each day. Subscribe You are here: Home > News > Technology > Article Home Business & Finance News U.S. Politics International Technology Internet Entertainment Sports Lifestyle Oddly Enough Health Science Special Coverage Video Pictures Your View The Great Debate Blogs Weather Reader Feedback Do More With Reuters RSS Widgets Mobile Podcasts Newsletters Your View Make Reuters My Homepage Partner Services CareerBuilder Affiliate Network Professional Products Support (Customer Zone) Reuters Media Financial Products About Thomson Reuters IPhone to hit stores as Apple awaits Jobs' return Thu Jun 18, 2009 4:43pm EDT Email | Print | Share | Reprints | Single Page [-] Text [+] By Gabriel Madway SAN FRANCISCO (Reuters) - Few events in the technology world can rival the attention a new iPhone launch draws, but the return of Steve Jobs to Apple Inc would surely be one of them. The new, souped-up iPhone 3GS goes on sale this Friday, as investors and gadget lovers alike await the presumed re-emergence of Apple's chief executive, who has been on medical leave for about six months. The consumer electronics giant remains mum on exactly when and how Jobs will come back, repeating the now-familiar mantra that Apple looks forward to his return at the end of June. It is possible, analysts say, that Jobs could soon shift to a new role to focus on big-picture issues and products, while Chief Operating Officer Tim Cook manages the day to day. "At the very beginning, it will be him coming back as CEO. If they do make a transition, it will be a slower, methodical type of transition," said Pacific Crest Securities analyst Andy Hargreaves. With Apple's shares already up 60 percent this year, few analysts expect Jobs' return to have a lasting impact on the stock beyond a short-term bounce. If Jobs reduces his role, analysts say a stock dip is also likely to be short-term as Wall Street has become more comfortable with other executives. "People feel good not just about Tim Cook but about the depth of the team in general," Hargreaves said. "They have done a good job of trying to highlight some of the other people that are there." Jobs, a pancreatic cancer survivor, stepped away from day-to-day duties in January, citing unspecified health issues. In his absence, Cook has overseen operations, although Apple said Jobs remains deeply involved in decision-making. Analysts expect Jobs' return to be an understated affair at Apple. "We expect it to be very smooth," said Kaufman Bros analyst Shaw Wu. "We don't expect anything that different" from his departure on medical leave, which was announced in a personal message to company employees. IPHONE LAUNCH An example of how Apple continues to upgrade its product line even with Jobs on the sidelines is the new iPhone 3GS, which features a faster processor, video capability, an improved camera and better battery life. The phone -- in the works before Jobs stepped away -- will compete with Research in Motion Ltd's BlackBerry and Palm Inc's Pre, which has seen strong early demand. The 3GS goes on sale on Friday in the United States and seven other countries. Past iPhone launches have seen a circus-like atmosphere with some people camping out overnight, but crowds were scarce on the eve of this launch. At Apple's flagship New York store in midtown Manhattan on Thursday afternoon, only three college students were lining up in the rain. "It's more evolutionary than revolutionary," said Matt Dodd, 18, echoing the words of at least one reviewer. Dodd said he was not buying the 3GS himself but saving a spot in line for his friend who has the first generation iPhone. "But for the kid who's getting it, it's a big deal -- he's going from 2G to 3G." Continued... View article on single page Share: Del.icio.us Digg Mixx Yahoo! Facebook LinkedIn Next Article: IPhone to hit stores as Apple awaits Jobs' return also on reuters Video Video: Mexico turns to Google to boost tourism Blog: Sirius unveils iPhone app to mixed reviews It's a good time to wade into the housing market More Technology News Microsoft open to investing in search LG to produce monitor with virtualization technology Microsoft takes on Symantec, McAfee in security Microsoft makes gains with Bing, clashes with Google Doh! Homer gives driving directions More Technology News... Editor's Choice Slideshow A selection of our best photos from the past 24 hours. 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