Apple (NASDAQ:AAPL) is expected to refund some of its customers around $32 million, over their children’s in app purchases. The reason why Apple has agreed to refund and to settle this complaint is because the company respects the fundamental consumer protections and the customers cannot be charged for purchases they never authorized in the first place, as Edith Ramirez (the Chairwoman of FTC) claims.
The refund is targeted at the app purchased performed by children without their parents’ consent on the official Apple App Store. In a nutshell, the app store is a digital marketplace where Apple users can buy social networking tools, games and a whole lot of different other software programs both for iPad and for the iPhone. According to an official statement released by Apple, Apple customers have spent well-over $10 billion last year and they have downloaded billions of applications from the App Store. However, Apple only received approximately a third of sum spent on the Apple App Store purchases.