Target - Build Phases - + - Run Scripts

if [ "${ACTION}" = "build" ]
then
INSTALL_DIR=${SRCROOT}/Products/${PROJECT_NAME}.framework

DEVICE_DIR=${BUILD_ROOT}/${CONFIGURATION}-iphoneos/${PROJECT_NAME}.framework

SIMULATOR_DIR=${BUILD_ROOT}/${CONFIGURATION}-iphonesimulator/${PROJECT_NAME}.framework


if [ -d "${INSTALL_DIR}" ]
then
rm -rf "${INSTALL_DIR}"
fi

mkdir -p "${INSTALL_DIR}"

cp -R "${DEVICE_DIR}/" "${INSTALL_DIR}/"
#ditto "${DEVICE_DIR}/Headers" "${INSTALL_DIR}/Headers"

lipo -create "${DEVICE_DIR}/${PROJECT_NAME}" "${SIMULATOR_DIR}/${PROJECT_NAME}" -output "${INSTALL_DIR}/${PROJECT_NAME}"

#open "${DEVICE_DIR}"
#open "${SRCROOT}/Products"
fi