When installing the latest iPhone Xcode package, the installer places some files at /Users/YOURNAME/Library/Application Support/iPhone Simulator. This would be just fine - if /Users/YOURNAME is your home folder. Apple; you if anyone should know that it is possible to move this directory. Next time you install, please ask for the current users home directory using directory services or similar…

This bug has been filed as rdar://5861257.

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