I've played this game on the iPhone and the PC and in both versions when you hover (or on iphone hold) and inventory item, it's label becomes visible. On the iPad, you never get the name on the inventory item which is a bit frustrating at best. Please let me know if you need further description. This seems to only occur on the iPad, as on the iPhone currently with the latest version, I can hover my finger over "Pick axe" and see the label for "pick axe". The iPad mini doesn't allow for this even with the same updated version.
Open game. Collect some inventory items such as grass or twigs. Then find any way you can to see the name of the inventory item from the bottom of the screen.