Ah, the iPhone.  It's a device that millions of people rely upon every day; but you may be paying for all that touch screen, app-filled goodness with not just your cash, but also with your privacy.

Last week, according to CNET, researchers discovered that, for the past year, iPhones have been collecting and storing large quantities of UNENCRYPTED information regarding users' locations and call traffic.

Apple insists that the iPhone hasn't been tracking exact locations, just Wi-Fi hotspot and cell tower locations that the iPhone is using.

Apple admitted, though, that the iPhone sends some anonymous data to third-party developers and marketers.  The company also concedes that the iPhone should not be storing so much info, nor should it be unencrypted.  Apple plans to release a software update to fix this "bug," as they call it, within the next few weeks.

Do you own an iPhone?  Having second thoughts about Apple?  Leave a comment below!