According to AppleInsider today, Gene Munster of Piper Jaffray has written a note to investors detailing what new figures from Verizon, which show that the company activated 3.1 million iPhones in September, up 15% from the June quarter, mean for Apple. Of those 3.1 million phones, 650,000 were iPhone 5s, meaning that the other 2.5 million iPhones that Verizon activated were iPhone 4Ss and iPhone 4s. Evaluating these figures, Munster concludes that they show that the slowdown expected for Apple’s older iPhones may not actually be as bad as was first predicted. Munster says that he expects Apple to show a 35% quarter over quarter decline due to the fact that people were waiting to buy the iPhone 5, but he says that he expects Apple to report sales of 25 million iPhones for the September quarter. Elsewhere, Wells Fargo Securities’ Maynard Um has forecast 25.5 million iPhone sales for Apple in the September quarter, and he says that he thinks that Verizon’s unit activation stats support this figure.