Parents whose kids were tricked into obtaining virtual items in iPhone and iPad games by way of the iOS In-App Purchase mechanism will get refunded over unwanted spending, according to Apple's settlement with the U.S. Federal Trade Commission (FTC). The penalty dwarfs Google's $22.5 million fine in the Safari website tracking scandal.
Apple CEO Tim Cook was not pleased with the outcome, but acknowledged in a letter to employees that the company "has entered into a consent decree" over long-standing complaints over inappropriate charges in the App Store, alluding his company may have exhausted its legal options and didn't want to risk an enduring legal battle with the government...