iPhone accounted for more than half of all smartphones sold by Verizon Wireless in Q4 2011

Verizon may tout its 4G LTE network, but its quarterly earnings show that customers want the iPhone and are choosing the 3G phone over its 4G counterparts. It's not just a small number either; about 55 percent of all smartphones sold in the quarter were iPhones.

The carrier announced that it sold 4.3 million iPhones during the final quarter of 2011. This figure accounts for more than half the 7.7 million smartphones the carrier sold and more than doubles the 1.6 million LTE smartphones the carrier sold in the last three months of the year. It's also 2 million more than the 2.3 million 4G LTE devices the carrier sold (1.6 M smartphones and 700,000 LTE devices), which is impressive when you consider that it's the iPhone 4 and 4S versus the 20 LTE devices in Verizon's lineup.