Cover to an Iphone MAGNETIC! Please guys

SO i bought this cover for my iphone 4s.

Cover to an Iphone MAGNETIC Please guys, help

I have been googling about if a magnetic like that could hurt my phone. Some people say yes some say no.

i really want to know, because it cost me money, and i bought 2. And if you guys know something, please, help me.

No a magnet will not hurt your iPhone. If it would/could, APPLE would never have allowed any case makers to add magnets to their cases or folios for their phones, iPods or iPads.

Magnets do screw up CRT displays, they don't seem to have any effect on LED displays which is what Iphones have.

Look if it's any help, the Sony Xperia Z2 has the option of a magnetic charger which is what I use so I don't have to fuss around with a plug in cable charger. The Iphone has much lower hardwear specs than the Z2, Sony woudn't have implemented the technology unless their techs thought it was safe.