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So here is the solution I got.

1. Open IPhone Simulator

2. IPhone Simulator – > Reset Content and Settings…

3. Reset

And you are done! All the installed apps in the simulator will be uninstalled in a sec, yahoo.

Command + up arrow             —> takes your cursor to the head of the screen.

Command + down arrow        –> takes your cursor to the bottom of the screen.

Command + left arrow key     — > takes your cursor to the left corner of the screen.

Command + right arrow key  – > takes your cursor to the right corner of the screen.

Not only you can extract files, you can also compress the files. Very good interface with drag and drop support.