Ah, see? I knew I had it wrong: http://money.cnn.com/2013/04/18/technology/mobile/verizon-iphone/
EDIT: LOL, I see alleyhunter pipped me on this tidbit.
Is to be expected after a quarter of record profits, since trends dictate a steep drop in Q2. It's even stated in the article: "That doesn't spell doom for the iPhone -- year-over-year, Verizon's iPhone activations grew by 25%."