The term IPHONE PURCHASES can be broken down into two parts: the first part is 'IPHONE' and the second part is 'PURCHASES'. The crossword solution for the first part is 'APPS', which stands for applications. This refers to the various applications that can be purchased and downloaded onto an iPhone. The second part of the term, 'PURCHASES', refers to the act of buying these applications. Therefore, the crossword solution for the term IPHONE PURCHASES is 'APPS', which refers to the applications that can be purchased and downloaded onto an iPhone.