4/10 Teenagers Own iPhone, 44% Own Tablets

A new study of teens by Piper Jaffray revealed that they are quickly adopting Apple products including the iPhone and iPad.

In the latest study of teens, 40 percent own an iPhone.

That is almost double the 23 percent of teens who owned an iPhone in Fall 2011 and an increase 6 percent since the spring, the survey.

It does not state if the iPhones were new of "hand-me-down" models from parents.

44% of the 7,700 teens surveyed owned a tablet and 72% were iPads. 3 out 4 teens who plan to buy a tablet in the next six months will buy an iPad. Over 7,000 teens were surveyed for the report.

Gene Munster at Piper Jaffray also observed that the lines for iPhone are up 83% over last year.

Compare Samsung Galaxy S III to iPhone 5.