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Another fact is Lufthansa cancelled 2 of their A380's on order. How many 747-8's did they cancel?
One 748 not delivered/accepted by LH
The LH 388/748 are deployed on differing routes and seasonally - The 388 has 127 more economy seats ideal for the likes of Miami/LAX India and Hong Kong for instance.
The up front yield capacity is actually pretty similar - The 748 does have the greater cargo capability.
BTW Lufthansa Cargo operate a declining number of MD-11F freighter delivered between the 747 and the limited number of 77F frames,
A number of 77F frames are actually operated by a joint venture with DHL under the Aerologic AOC.