I currently have Xcode 4.1 (4B110) installed via the App Store and it’s telling me that there is no update, but the version in the app store clearly states that the most recent version is 4.2.1. Has anyone else had this issue and can possibly help me out in getting the most recent version installed?
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In the AppStore Xcode 4.2 is not an update to 4.1 it is a new app. So you need to download the new app – at least now it is free. The app is only the installer as before so you will need to run the app to install Xcode.