I was forced to upgrade to Mountain Lion so that I could use Keynote.
Now my iOS app does not run under the simulator. I was using iPhoneSimulator5.0.sdk earlier. Now when I run the app, it gives the error
The simulated application quit. Click Relaunch to try again.
There is an option to switch SDK but there is only one SDK installed and nothing to switch to.
What am I doing wrong?