I have just been learning iPhone apps development but I have a hard time in understanding what delegate actually means? Can anyone tell me with example what it does and how
Delegates are just way of getting callbacks from something. You pass a delegate (a pointer to an object that conforms to a protocol) to something and when it has new data for you or when an event occurs that something make a method call on the delegate.
For example, when events occur, like your app is put into the background or the app is about to terminate the UIApplication object will call your application delegate to let it know. When a CLLocationManager has a new GPS position is will call your delegate to pass it the new position. UITableViews call their delegates to get UITableViewCells to display in the table. There are many uses of delegates in iOS.