According to The Telegraph software developers have found piece of code buried in the iPhone OS that could enable Apple to delete third party applications on your iPhone.
The “Kill Switch” as some people call it would enable Apple to remove third party iPhone applications that is not authorized by them from your iPhone, and the news comes on the back of news that Apple has kicked out several iPhone applications from its iPhone Application Store.
The code was discovered by an independent iPhone developer named Jonathan Zdziarski. You can read more about it on his website here.

The Apple Applicaton Store is officially opened