Verizon: iPhone Sales Are Down

Verizon says its iPhone sales are down.

The wireless carrier says its iPhone activations fell 33% in the first quarter.

That's compared to the end of last year.

Verizon says it activated 4 million iPhones during the past three months.

But, the drop doesn't necessarily mean people are sick of iPhones.

Customers may be stalling to see if Apple releases a new version this summer.