Yes, it is because those terms only apply to conveyances that occur as part of a transaction in which the right of possession of the User Product is transferred.
Note that the GPLv3 defines "User Product" as "either (1) a 'consumer product', which means any tangible personal property which is normally used for personal, family, or household purposes, or (2) anything designed or sold for incorporation into a dwelling".
The iPhone is the "User Product". This can further be seen by considering the definition of "Installation Information": “Installation Information” for a User Product means any methods, procedures, authorization keys, or other information required to install and execute modified versions of a covered work in that User Product from a modified version of its Corresponding Source.
In short, the User Product is the thing you install the covered work (the GPLv3'd thing) on and run it on, which for an App Store would be the iPhone or iPad. Unless GPLv3 is not using "possession" and/or "transaction" in their normal meanings, there is no way to characterize purchasing and downloading an app from the App Store as being a transaction in which the right of possession of the iPhone is transferred. Since no definitions of possession or transaction are given in the license, we can assume their normal meaning.
I haven't raised this issue with the FSF because I don't see it as an issue. They are the ones that specifically put in the limitation that Tivoization only occurs for GPLv3 object code conveyed as part of a transaction where the right of possession of the User Product is transferred to the person receiving the object code. In general, considering how much time they spent on drafting this thing, I generally assume it means what it says and it says what they intended.
If they somehow botched the drafting and that is not what they meant, it doesn't really matter anyway because if it ends up in court and the parties disagree on how they interpret those parts, the court will go with what it says, not what the drafter claims they meant. So, my general policy (with all licenses, not just GPL) is to go with what they say, unless they are too ambiguous and then I avoid the covered software. (Actually, before I get to that point I first see if I can limit my use of the work to only those uses that do not require the permission of the copyright holder. If I can limit me needs thusly then I can ignore the license).