New “Learn More About In-App Purchases” section helps protect consumers from apps like this [video]

In March Apple decided to add “offers in-app purchases” warnings in iTunes and on the App Store following a class action lawsuit brought on by parents arguing the iOS freemium model, i.e. in-app purchases, allowed children to easily rack up thousands of dollars. Today, as noted by AppAdvice, Apple has now added a new “Learn More About In-App Purchases” section on the App Store detailing how in-app purchases work and how parents can manage they preferences through Parental Controls (pictured below). On a related note, in the video above IGN shows off how kids could easily spend thousands of dollars in apps that aggressively push ridiculously expensive in-app purchases to games clearly aimed at children.