Xcode 4 – build output directory

From the Xcode menu on top, click preferences, select the locations tab, look at the build location option.

You have 2 options:

  1. Place build products in derived data location (recommended)
  2. Place build products in locations specified by targets

Update:
On xcode 4.6.2 you need to click the advanced button on the right side below the derived data text field. Build Location select legacy.

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