XCode 4.5 only support armv7 or above

Ref: http://blog.chpwn.com/post/31824877081

armv6 is no longer supported by XCode 4.5 
min. iOS version 4.3


If compiled project can't be run on iPad one (iOS 5.1 or below), change Ti Studio version to 2.1.4GA and add iPhone to deployment target. 
In XCode, remove armv6 from the build setting. 
Clean and build again and it should work.