Ever wonder what will happen if you purchased an application for your iPhone from the iTunes store, and the application was removed from iTunes soon after? It would seem somewhat logical that Apple would issue a refund, and in the same manner that they collected the money for application developer, that they refund it in a similar fashion. This is not the case. Be advised.
Although Apple shares in 30% of the revenues an application receives through purchases on the iTunes store, they do not apparently share in 30% of the refund. According to the Apple representative I just spoke to at 1-800-MY-IPHONE, all purchases are final once an app is downloaded. In order to receive a refund for an app you might have purchased, that has since been removed from the iTunes store , one is left to contact the developer of the app. All you have is hope they will issue a refund, but with hope comes disappointment (good luck).