Is it ok to submit application with following issue?-Collection of common programming errors

Not all of the ‘memory leaks’, are actual leaks. And some of the reported issues may be caused by Apple libraries themselves. Typically all the singletons, static variables, and some c level variables are ‘leaked’, but only once and are not considered a threat to memory.

Foundation classes such as NSString, NSArray, etc. are optimized to handle heavy workload. And some objects may be kept in the memory to be reused later. Such as @””.

So unless the issue is accumulating over time, just go for it, submit your app as it is. You still can fix it later, if necessary.