Verizon Wireless still isn’t the nation’s largest Wireless provider. The number one spot still belongs to AT&T. Verizon did, however, make the most money in Q2 posting the industries highest Q2 revenue numbers coming in at $12.1 billion. This is roughly $85 million more than AT&T made.

Verizon also dropped its industry leading churn rate down to 1.12% down from 1.3% last year. I am going to go out on a limb and say that churn will rise modestly in Q3 as AT&T just released the iPhone 3G at a very attractive price point.

This is two quarters in a row that Verizon has made more money than AT&T so apparently, being the biggest doesn’t necessarily mean that you are the best.