Password prompted for app updates in phone 5 I have iPhone 5 and iOS 6.0.1 updated. Device prompts for password even while updating the apps. What is wrong with the device? Am I missing any settings?
Try disabling your restrictions. Go to General, then scroll down to Restictions and type in your password. Select disable and try to update apps again.

If this doesn't work, confirm that the apps are connected to the same iTunes account used in the device in Settings.