I’m a new Mac user and I was trying to download Xcode so I can start developing apps for Iphone, but it’s asking me for my billing information…Do I have to pay to download Xcode and Iphone SDK, so I can start working on my projects?
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No, Xcode is free. You do however need to have a valid credit card.
If you later plan on selling an app on the App Store, you will need to pay a $99 / year iOS license or, respectively, a $99 / year Mac license.