Verizon and AT&T have reported their respective earning results, the main similarity is that both companies had massive iPhone sales, even against Verizon own Droid brand that could have posed a real threat to Apple’s iPhone on the carrier, but those iPhone sale numbers (8.6M AT&T) and (6.2M Verizon) paint a different story, it doesn’t contrast with what We’ve reading all over the net: The iPhone is dead, Android is the new king of the hill.

While the majority of us tend to take marketshare as the main measure (sometimes strong marketshare means strong profit on product sales), Android marketshare situation is against all logic, it has really captured a big chunk of the mobile market, not doubt, but when it comes to profits, Apple is still the ONE, it reaps more than the 70% of all smartphone profits, with the rest to be distributed among Android makers, RIM and Windows Phones.

Samsung and Google are the only companies benefiting from Android directly, Samsung is selling millions of Galaxy smartphones while Google is getting billion of ads impression, but the vast majority of Android-based smartphone companies are just burning profits or collecting small portions of the market (HTC reported only 34.5 Million in earning last quarter). Google’s own motorola is just reporting $353 million in loss and Verizon Droid is so minimal that there is not numbers to report at all.

The perception is that Android is so popular that is difficult to buy an iPhone on any carrier, but at Verizon or AT&T the story didn’t end happy last quarter where the iPhone clearly Dominated all smartphone sales.