target specifies product type 'com.apple.product-type.framework.static', but there's no such product type for the 'iphonesimulator' platform
I do have this error in Xcode. some people say's to delete the XCworkpace. I am using Xcode4.6
Go ahead and delete the XCWorkpace. I've done this quite a lot of times. Following are the steps:
Close your project in Xcode. Navigate into your xcodeproj package (either through Terminal, or in Finder by right-clicking and selecting "Show Package Contents")
Delete your XCWorkpace.
If you are worried just take a backup before doing it.