Phone Frenzy: iPhone 4S Launches Friday

October 13, 2011 Updated Oct 13, 2011 at 7:27 PM EDT

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Phone Frenzy: iPhone 4S Launches Friday

October 13, 2011 Updated Oct 13, 2011 at 7:27 PM EDT

According to a USA Today story, Friday's launch of Apple's new iPhone 4S could help to put smartphone ownership above 50 percent worldwide for the first time.

Mobile carriers AT&T, Sprint and Verizon have sold out of pre-orders for the 4S, and online orders a backed up for a few weeks, according to the USA Today story. 

Apple received more than one million pre-orders for the 4S on the first day of sales, according to the report.

Read the USA Today story HERE.