Xcode – Could not change executable permissions on the application

1. Go to Targets in Xcode.
2. Build Settings on your project's target (your current development name).
3. Search for Product Name under Packaging. Change its value to what you want your new project name to be.

If using Xcode 4.2 or higher, try the following:

1. Click your Project name (in the left column), followed by the Target:

   

2. Click the 'Build Settings' tab (in the right column):

   

3. Click the 'Release' or 'Distribution' row under 'Architectures', and choose 'Other...':

   

4. Double click the highlighted row named '$(ARCHS_STANDARD_32_BIT)' in the popover that appears, and replace it by typing 'armv6'. Then add a new row with the plus button in the bottom left of the popover, and type 'armv7', then click Done:

   

Update: you should add armv7s to target the iPhone 5 as well. (And drop armv6 if building with Xcode 4.5 or higher, which no longer supports armv6.)

That's it. You should now be able to build/archive without generating errors.

If it still doesn't work, see this answer from justinxreese, which suggests adding entries for armv6 and armv7 under "Required Device Capabilities" in your info.plist file.