How would Verizon make tons of money on phones? They make money off of subscribers.
Also, your hypothesis about the iPhone launching with 3G, then LTE 4 weeks later makes little to no sense. Apple would not release two products in quick succession such as that. They will wait until June to release the LTE version.
So Verizon gets no money from the sale of a handset? Really?? Study their financial statements.
Go back and accurately read what I said earlier. Really, go back and look. Here's what I said: Apple will drop a new phone now, then the LTE Androids will drop 3-4 weeks later, then the Verizon iPhone will hit after them in - allow me to exactly quote myself - "late June". Read what I actually said more carefully next time
Furthermore, as for your claim that Apple would not release models so quickly... er, they do it all the time. It's not MY hypothesis, it's actually called the "Apple Model" and is taught in business schools around the country. I know, cuz that's where I learned about it and conducted case studies on it. They have a loyal fan base that buys any new product they release, and they exploit that fact to create upwards of 60% profit margins. How else do you think they have the second largest market cap value on Wall St.?? From their 6% market share on computers?? Please...
EDIT: As soon as I published this comment Engadget themselves warned people against buying this new Verizon iPhone since Apple will be dropping ANOTHER newer one later this summer, thereby agreeing perfectly with what I said:
http://www.engadget.com/2011/01/07/verizon-iphone-everything-you-need-to-know/