What is the discrepancy between the iOS Simulator deployment targets, which are set to 7.0, and the supported range of deployment target versions for this platform, which is between 8.0 and 12.1?

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The discrepancy is that the iOS Simulator deployment targets are set to a lower version (7.0) than the range of deployment target versions that the platform supports (8.0 - 12.1). This means that while developers can simulate an iOS 7.0 environment, they won't be able to test their app on the latest iOS versions using the simulator. It's important for developers to keep this in mind when testing their app and ensure that they also test on real devices with the latest iOS versions.