On reading the iTunesConnect_DeveloperGuide.pdf, i came across the term binary. This is the paragraph found in the pdf:
To submit your application throu
This is the method I found out. Please correct me if there is any mistake:
Find the file ending in ".app" in the Products folder of your application in Xcode. Right-click on it and choose Show In Finder. From there, right-click again and choose Compress.
The resulting zipped file is the binary of your iphone application.