Developers are consistently trying hard to provide its fans with the proper and iOS 5 exploit.
These efforts have been witnessed recently when the Chronic and iPhone Dev teams released untethered jailbreaks. But despite offers several conveniences, fans are having various problems with this new jailbreak solution.
So to cope up with iOS launchctl error, Jay Freeman aka Saurik, has pushed an update.
The co-founder and developer of Cydia move to his Twitter account to clarify that the Corona iOS 5.0.1 was causing issues with launchctl error and released a new version of Corona iOS 5.0.1 to fix launchctl error. So it’s good if you are not having any problem but if you have any, just don’t worry and get this update.
What you have to do is to open Cydia, tap the Changes tab. The new Corona package version 1.0-3 will appear at the top to fix launchctl error on iOS 5. Go for that if want a tension free jailbreak process.