Verizon has reported their Q2 2012 financial results, and the iPhone accounted for 2.7 million, or roughly 45% of the 5.9 million smartphones Verizon sold. Operating revenues were $28.6 billion, up 3.7% year over year, and wireless service revenues were $15.8 billion, up 7.3% year over year. Verizon chairman and CEO Lowell McAdam said: