Is not Apple's move mostly a PR stunt? Standard people will read "The iPhone is so secure that Apple is willing to pays $1M for somebody that find a security vulnerability."
The reality is that they only pay that much for bugs in the kernel that do not require a user interaction.
Other bugs that use a common action on an app that everybody uses, for example opening the stock mail application, may be enough in order to compromise almost all iPhones. Apple seems to pay "only" $100k for those problems.
I just scanned through the comments and clicked on some links so correct me if what I wrote is not accurate.
The reality is that they only pay that much for bugs in the kernel that do not require a user interaction.
Other bugs that use a common action on an app that everybody uses, for example opening the stock mail application, may be enough in order to compromise almost all iPhones. Apple seems to pay "only" $100k for those problems.
I just scanned through the comments and clicked on some links so correct me if what I wrote is not accurate.