iPhone Simulator: SpringBoard failed to launch application with error: 7

Question

Building an iPhone project results in:

Failed to launch simulated application: SpringBoard failed to launch application with error: 7

Answer 1

I am facing the exact same issue very frequently, what I do is 1) I quit the iphone simulator 2) and if after following step 1, if issue still the same, then reset the simulator

And it has resolved my issue all the time from step 1 itself.