Can I downgrade iOS Update on my iPhone?

Sorry, but this is not possible.

Edit...

violamiller Said:

"Can I downgrade iOS Update on my iPhone?: I absolutely hate the most recent iPhone update. How do I go back to the prevoius version?"

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So, what exactly do you "absolutely hate" about this update? Providing that, you may get some answers towards a fix on it..

Report this to Apple...

Question is: "Just how many people have actually reported this to Apple?"

So, do your Part: Provide Apple with feedback on this, letting them know about this issue.  Apple may not get back to you directly, but the more feedback they receive on this, the more they will know what is occurring, and what bug fixes to include in updates to come. Apple will know nothing of this, if you don't report it to them.

1. Go Here: Feedback - iPhone - Apple
2. Select: "Bug Report" for the "Feedback Type"
3. Comment: on what you don;t like about this update. Include the URL of this thread
4. Proceed from there as necessary