Apple Recap: Stock Split Questions, White Flag, iPhone Keeps Winning

Waving the White Flag

Apple has decided to settle a class-action lawsuit that claimed the company’s in-app purchase policy did not do enough to prevent children from using their parents’ accounts. While the deal has yet to be finalized, Apple agreed to pay each class member with a $5 iTunes gift card, account credit, or a cash payment for claims over $30. With Apple prepared to send email notices to “over 23 million iTunes account holders who made a Game Currency purchase in one or more Qualified Apps,” the company may possibly end up paying a total of around $100 million… (Read more)

New Buyers Love the iPhone

The iPhone was the most acquired smartphone in the U.S. last year, with various versions of the Apple device taking four of the top five spots, according to comScore. Apple displaced devices belonging to HTC and BlackBerry (NASDAQ:BBRY) from the 2011 list, the report added. Samsung’s (SSNLF.PK) Galaxy S III also proved to be popular, ending up in fifth spot behind the iPhone 4S, the iPhone 4, the iPhone 3GS, and iPhone 5 — in that order… (Read more)

Don’t Miss: Yet Another Apple iOS 6.1 Passcode Lock Vulnerability.