Efficient pre-order facilities for the new iPhone 4S did not hinder the tradition of long lines outside Apple Stores. Thousands of sleep deprived Apple fans across the world waited patiently to get their hands on the much-anticipated new iPhone, while taking the time to pay homage to Steve Jobs' life.

The device that became available in the U.S, Australia, Canada, France, Germany, Japan and the U.K on Friday, is poised to sell four million units by the end of the weekend, Bloomberg reported. Apple shares rose two percent as lines started to form outside Apple's flagship stores.

Lines started to form outside Apple's Manhattan store on 5th Avenue in the early hours of Friday morning. Steve Crofter, 43, a manager of a Manhattan diner started waiting at 6 a.m., saying he would be late for work but didn't care as he believed the iPhone launch to be historic. It the last phone of Steve Jobs' life, think how much its going to be worth eventually, he said.

In London's Covent Garden store, 20 Apple employees formed a human tunnel, clapping and chanting as their first customer walked into the store.

I am a fan, a big fan. I want something to remember Steve Jobs by, said Haruko Shiraishi, Reuters Reported.  She waited patiently with her Yorkshire terrier Miu Miu at the end of an eight-block queue in Tokyo's smart Ginza shopping district.

When the phone was first revealed at the Apple Let's talk iPhone event, on Oct.4 many fans were disappointed as rumors had signaled to the release of an iPhone 5 with a brand new design. The so-called disappointment was not reflected in the phone's pre-order sales, however. In the first 24 hours of pre-orders Apple sold one million units breaking their previous record of 600,000 for the iPhone 4.

On Thursday, all three U.S carriers of the phone reported that they had sold out of pre-orders. Both Verizon and Sprint reported sellouts while AT&T showed a 3-4 week wait period.

The rocket sales come after Apple launched the new phone four months after its usual expected summer release. Although the much-anticipated iPhone 5 never emerged from the Apple laboratory, packed with many new features the iPhone 4S still seems to the smart phone of choice.

The recent death of Steve Jobs, Apple's co-founder and visionary has also played a part in boosting Apple sales, after many view the phone as a big part of his legacy.

Here are the newest features packed into the iPhone 4S:

The A5 Chip: The new iPhone may have the same retina screen but the interior has had an entire revamp with the latest A5 chip making its way into the phone.

It's Fast: With a Dual-core CPU the new iPhone is 2x as fast at CPU tasks and up to 7x faster than the previous iPhone, which is a great perk for games. Data can also be downloaded twice as fast as before. Theoretical max performance used to be 5.8 up and 7.2 down - now doubles to almost 14.4Mbps down.

Second Wireless System: The new iPhone can now intelligently switch between two antennas to produce even higher calling quality. This has never been done in a phone before.

Brand New Camera: As predicted, the iPhone 4S comes with an 8 megapixel sensor that gets 73 percent more light than the iPhone 4 sensor, and is faster. A high-end IR filter has also been fitted for greater accuracy and uniformity.

New Lens: The brand new camera lens has five elements and goes down to a wide f2.4 aperture

Apple designed ISP: The ISP enables face detection in photos and lets in a lot more light while shooting.

HD Video: The new iPhone 4S camera comes with stunning HD video with 1080p real-time video image stabilization.

Intelligent Assistant: With the new iPhone you can actually talk to your device through an integrated intelligent assistant who gets things done just by asking. What is the weather like? Where is this restaurant? Your device gives you all the answers you are looking for. Compose and dictate email right to your device. Set timers. Look up contacts, create notes, and search the Web.

More Languages:  The intelligent assistant will have built-in with support for English, French, and German. More languages will be added over time.

It's out: iPhone 4S is available in Black and white, 16GB for $199, 32GB for $299, and 64GB for $399. This is the first 64GB iPhone.