Another example of lack of regulation is not a feature - it's a crippling fault. Most people rather have their savings in something that legal systems can recoup in case of blatant theft.
This guy lost his life savings.
Regardless of it its reasonable, I predict he will not get a dime of it back, from Apple or anyone else
While I agree with you I also think that Google and Apple have some responsibility here. They advertise their platforms are safe and secure but you have a lot of applications blatantly impersonating legitimate companies and it can take quite some time for stores to remove them.
It's a very common issues for the Cardano blockchain, their official wallet "Daedalus" is desktop-only but almost every week you have a new "Daedalus mobile" fake app (i.e it will steal your coins) made available on the App Store and Play Store from a fake company (with a name close to IOHK, the developer of Cardano) and it takes literally days for stores to react.
When money used to have a firm link to the real world, when it was lost (like when gold coins sunk to the bottom of the sea or were stolen by pirates) it was really lost.
Certainly it can been seen as a "feature" of the current fiat currency regime that your lost/stolen money can be "recovered". But it can also been seen as a "crippling fault" when this "feature" can be so easily exploited by those running the system.
Dude, it's not a feature that someone who makes a trivial mistake in a banking application they don't fully understand can have all their money stolen with no recourse.
1) dont play with what you don't understand
2) dont expect others to make your decisions for you
3) dont expect authorities to bail you out when you mess up
This deference to authority to protect your money is exactly the world that bitcoin was made to avoid. It is exactly why your bank money is not in your control, and self-custodian bitcoin IS money you control.
It is a feature, it is desirable.
("But I can spend the money in the bank however I like..." Not quite. You are only allowed to do what the bank will let you do.)
Theft, Loss and Fraud are not good things, for sure, but their existence is not an excuse to ignore personal responsibility.
This guy lost his life savings.
Regardless of it its reasonable, I predict he will not get a dime of it back, from Apple or anyone else