diff --git a/.github/workflows/build-templates.yml b/.github/workflows/build-templates.yml
index 044a62263..10f6ce3de 100644
--- a/.github/workflows/build-templates.yml
+++ b/.github/workflows/build-templates.yml
@@ -22,6 +22,7 @@ on:
 jobs:
   build:
     env:
+      XCODE_VERSION: 16.2
       TURBO_TOKEN: ${{ secrets.TURBO_TOKEN }}
       TURBO_TEAM: ${{ secrets.TURBO_TEAM }}
 
@@ -224,6 +225,12 @@ jobs:
         run: |
           yarn turbo run build:android --cache-dir=".turbo"
 
+      - name: Use appropriate Xcode version
+        if: env.ios_build == 1 && env.turbo_cache_hit_ios != 1
+        uses: maxim-lobanov/setup-xcode@v1
+        with:
+          xcode-version: ${{ env.XCODE_VERSION }}
+
       - name: Restore cocoapods
         if: env.ios_build == 1 && env.turbo_cache_hit_ios != 1
         id: library-cocoapods-cache
@@ -238,13 +245,12 @@ jobs:
             ${{ runner.os }}-library-cocoapods-
 
       - name: Install cocoapods
-        env:
-          NO_FLIPPER: 1
         if: env.ios_build == 1 && env.turbo_cache_hit_ios != 1 && steps.library-cocoapods-cache.outputs.cache-hit != 'true'
         working-directory: ${{ env.work_dir }}
         run: |
-          cd example/ios
-          pod install
+          cd example
+          bundle install
+          bundle exec pod install --project-directory=ios
 
       - name: Cache cocoapods
         if: env.ios_build == 1 && env.turbo_cache_hit_ios != 1 && steps.library-cocoapods-cache.outputs.cache-hit != 'true'
@@ -255,12 +261,6 @@ jobs:
             ${{ env.work_dir }}/**/ios/Podfile.lock
           key: ${{ steps.library-cocoapods-cache.outputs.cache-primary-key }}
 
-      - name: Use appropriate Xcode version
-        if: env.ios_build == 1 && env.turbo_cache_hit_ios != 1
-        uses: maxim-lobanov/setup-xcode@v1
-        with:
-          xcode-version: '16.2'
-
       - name: Build example (iOS)
         if: env.ios_build == 1
         working-directory: ${{ env.work_dir }}
diff --git a/docs/pages/build.md b/docs/pages/build.md
index 322d6bbd8..eadb3b5d8 100644
--- a/docs/pages/build.md
+++ b/docs/pages/build.md
@@ -73,11 +73,11 @@ To configure your project manually, follow these steps:
 4. Configure the appropriate entry points:
 
    ```json
-   "source": "./src/index.tsx",
    "main": "./lib/module/index.js",
    "types": "./lib/typescript/src/index.d.ts",
    "exports": {
      ".": {
+        "source": "./src/index.tsx",
         "types": "./lib/typescript/src/index.d.ts",
         "default": "./lib/module/index.js"
      },
@@ -91,7 +91,6 @@ To configure your project manually, follow these steps:
 
    Here is what each of these fields mean:
 
-   - `source`: The path to the source code. It is used by `react-native-builder-bob` to detect the correct output files and provide better error messages.
    - `main`: The entry point for legacy setups that don't support the `exports` field. See [Compatibility](./esm.md#compatibility) for more details.
    - `types`: The entry point for the TypeScript definitions for legacy setups with `moduleResolution: node10` or `moduleResolution: node`.
    - `exports`: The entry points for tools that support the `exports` field in `package.json` - such as Node.js 12+, modern browsers and tools. See [the ESM support guide](./esm.md) for more details.
diff --git a/docs/pages/esm.md b/docs/pages/esm.md
index 56f0cf878..83ee86d37 100644
--- a/docs/pages/esm.md
+++ b/docs/pages/esm.md
@@ -40,6 +40,7 @@ To make use of the output files, ensure that your `package.json` file contains t
 "types": "./lib/typescript/src/index.d.ts",
 "exports": {
   ".": {
+    "source": "./src/index.tsx",
     "types": "./lib/typescript/src/index.d.ts",
     "default": "./lib/module/index.js"
   },
@@ -51,8 +52,9 @@ The `main` field is for tools that don't support the `exports` field (e.g. [Metr
 
 The `exports` field is used by Node.js 12+, modern browsers and tools to determine the correct entry point. The entrypoint is specified in the `.` key and will be used when the library is imported or required directly (e.g. `import 'my-library'` or `require('my-library')`).
 
-Here, we specify 2 conditions:
+Here, we specify 3 conditions:
 
+- `source`: A custom condition used by `react-native-builder-bob` to determine the source file for the library.
 - `types`: Used for the TypeScript definitions.
 - `default`: Used for the actual JS code when the library is imported or required.
 
diff --git a/packages/create-react-native-library/src/constants.ts b/packages/create-react-native-library/src/constants.ts
index 7f91d35f1..479bcda19 100644
--- a/packages/create-react-native-library/src/constants.ts
+++ b/packages/create-react-native-library/src/constants.ts
@@ -1,3 +1,3 @@
 export const FALLBACK_BOB_VERSION = '0.40.8';
 export const FALLBACK_NITRO_MODULES_VERSION = '0.22.1';
-export const SUPPORTED_REACT_NATIVE_VERSION = '0.78.2';
+export const SUPPORTED_REACT_NATIVE_VERSION = '0.79.2';
diff --git a/packages/create-react-native-library/src/exampleApp/generateExampleApp.ts b/packages/create-react-native-library/src/exampleApp/generateExampleApp.ts
index 6cedd73d4..f9c820f33 100644
--- a/packages/create-react-native-library/src/exampleApp/generateExampleApp.ts
+++ b/packages/create-react-native-library/src/exampleApp/generateExampleApp.ts
@@ -19,8 +19,6 @@ const FILES_TO_DELETE = [
   'tsconfig.json',
 ];
 
-const FILES_TO_MOVE = ['.bundle', 'Gemfile'];
-
 const PACKAGES_TO_REMOVE = [
   '@react-native/eslint-config',
   '@tsconfig/react-native',
@@ -119,13 +117,6 @@ export default async function generateExampleApp({
     await fs.remove(path.join(directory, file));
   }
 
-  // Move files to the root
-  for (const file of FILES_TO_MOVE) {
-    if (await fs.pathExists(path.join(directory, file))) {
-      await fs.move(path.join(directory, file), path.join(root, file));
-    }
-  }
-
   // Patch the example app's package.json
   const pkg = await fs.readJSON(path.join(directory, 'package.json'));
 
@@ -142,7 +133,7 @@ export default async function generateExampleApp({
   const SCRIPTS_TO_ADD = {
     'build:android':
       'react-native build-android --extra-params "--no-daemon --console=plain -PreactNativeArchitectures=arm64-v8a"',
-    'build:ios': `react-native build-ios --scheme ${config.project.name}Example --mode Debug --extra-params "-sdk iphonesimulator CC=clang CPLUSPLUS=clang++ LD=clang LDPLUSPLUS=clang++ GCC_OPTIMIZATION_LEVEL=0 GCC_PRECOMPILE_PREFIX_HEADER=YES ASSETCATALOG_COMPILER_OPTIMIZATION=time DEBUG_INFORMATION_FORMAT=dwarf COMPILER_INDEX_STORE_ENABLE=NO"`,
+    'build:ios': `react-native build-ios --mode Debug`,
   };
 
   if (config.example === 'vanilla') {
diff --git a/packages/create-react-native-library/src/input.ts b/packages/create-react-native-library/src/input.ts
index d5f379107..b50377079 100644
--- a/packages/create-react-native-library/src/input.ts
+++ b/packages/create-react-native-library/src/input.ts
@@ -47,7 +47,7 @@ const EXAMPLE_CHOICES = (
       disabled: false,
     },
     {
-      title: 'React Native Test App by Microsoft',
+      title: 'Test App by Microsoft',
       value: 'test-app',
       description: "app's native code is abstracted away",
       // The test app is disabled for now until proper
diff --git a/packages/create-react-native-library/templates/common/$.github/workflows/ci.yml b/packages/create-react-native-library/templates/common/$.github/workflows/ci.yml
index 9683e30aa..50952350d 100644
--- a/packages/create-react-native-library/templates/common/$.github/workflows/ci.yml
+++ b/packages/create-react-native-library/templates/common/$.github/workflows/ci.yml
@@ -115,6 +115,7 @@ jobs:
   build-ios:
     runs-on: macos-latest
     env:
+      XCODE_VERSION: 16.2
       TURBO_CACHE_DIR: .turbo/ios
     steps:
       - name: Checkout
@@ -144,6 +145,12 @@ jobs:
             echo "turbo_cache_hit=1" >> $GITHUB_ENV
           fi
 
+      - name: Use appropriate Xcode version
+        if: env.turbo_cache_hit != 1
+        uses: maxim-lobanov/setup-xcode@v1
+        with:
+          xcode-version: ${{ env.XCODE_VERSION }}
+
       - name: Restore cocoapods
         if: env.turbo_cache_hit != 1
         id: cocoapods-cache
@@ -158,10 +165,9 @@ jobs:
       - name: Install cocoapods
         if: env.turbo_cache_hit != 1 && steps.cocoapods-cache.outputs.cache-hit != 'true'
         run: |
-          cd example/ios
-          pod install
-        env:
-          NO_FLIPPER: 1
+          cd example
+          bundle install
+          bundle exec pod install --project-directory=ios
 
       - name: Cache cocoapods
         if: env.turbo_cache_hit != 1 && steps.cocoapods-cache.outputs.cache-hit != 'true'
@@ -171,12 +177,6 @@ jobs:
             **/ios/Pods
           key: ${{ steps.cocoapods-cache.outputs.cache-key }}
 
-      - name: Use appropriate Xcode version
-        if: env.turbo_cache_hit != 1
-        uses: maxim-lobanov/setup-xcode@v1
-        with:
-          xcode-version: '16.2'
-
       - name: Build example for iOS
         run: |
           yarn turbo run build:ios --cache-dir="${{ env.TURBO_CACHE_DIR }}"
diff --git a/packages/create-react-native-library/templates/common/$.gitignore b/packages/create-react-native-library/templates/common/$.gitignore
index 4b1fbd43f..67f32126d 100644
--- a/packages/create-react-native-library/templates/common/$.gitignore
+++ b/packages/create-react-native-library/templates/common/$.gitignore
@@ -46,7 +46,7 @@ android.iml
 example/ios/Pods
 
 # Ruby
-/vendor/
+example/vendor/
 
 # node.js
 #
diff --git a/packages/create-react-native-library/templates/common/$package.json b/packages/create-react-native-library/templates/common/$package.json
index 260f7d851..f0ea9781a 100644
--- a/packages/create-react-native-library/templates/common/$package.json
+++ b/packages/create-react-native-library/templates/common/$package.json
@@ -2,11 +2,11 @@
   "name": "<%- project.slug -%>",
   "version": "0.1.0",
   "description": "<%- project.description %>",
-  "source": "./src/index.tsx",
   "main": "./lib/module/index.js",
   "types": "./lib/typescript/src/index.d.ts",
   "exports": {
     ".": {
+      "source": "./src/index.tsx",
       "types": "./lib/typescript/src/index.d.ts",
       "default": "./lib/module/index.js"
     },
diff --git a/packages/create-react-native-library/templates/common/CONTRIBUTING.md b/packages/create-react-native-library/templates/common/CONTRIBUTING.md
index cc21198b0..ab5549219 100644
--- a/packages/create-react-native-library/templates/common/CONTRIBUTING.md
+++ b/packages/create-react-native-library/templates/common/CONTRIBUTING.md
@@ -35,20 +35,6 @@ To invoke **Nitrogen**, use the following command:
 yarn nitrogen
 ```
 
-<% } -%>
-<% if (project.native) { -%>
-You also need to install the required ruby gems for the iOS project with [bundler](https://bundler.io/). To install the gems, run the following command in the root directory:
-
-```sh
-bundle install
-```
-
-Now, you can install [CocoaPods](https://cocoapods.org/) for the iOS project. To do this, run the following command in the `example/ios` directory:
-
-```sh
-bundle exec pod install
-```
-
 <% } -%>
 The [example app](/example/) demonstrates usage of the library. You need to run it to test any changes you make.
 
diff --git a/packages/react-native-builder-bob/package.json b/packages/react-native-builder-bob/package.json
index 4666e0c1e..6a5f1dbc6 100644
--- a/packages/react-native-builder-bob/package.json
+++ b/packages/react-native-builder-bob/package.json
@@ -60,7 +60,7 @@
     "kleur": "^4.1.4",
     "metro-config": "^0.80.9",
     "prompts": "^2.4.2",
-    "react-native-monorepo-config": "^0.1.7",
+    "react-native-monorepo-config": "^0.1.8",
     "which": "^2.0.2",
     "yargs": "^17.5.1"
   },
diff --git a/packages/react-native-builder-bob/src/__tests__/__snapshots__/init.test.ts.snap b/packages/react-native-builder-bob/src/__tests__/__snapshots__/init.test.ts.snap
index ddb9b8e93..62bb8221f 100644
--- a/packages/react-native-builder-bob/src/__tests__/__snapshots__/init.test.ts.snap
+++ b/packages/react-native-builder-bob/src/__tests__/__snapshots__/init.test.ts.snap
@@ -9,12 +9,12 @@ exports[`initializes the configuration 1`] = `
   },
   "exports": {
     ".": {
+      "source": "./src/index.ts",
       "types": "./lib/typescript/src/index.d.ts",
       "default": "./lib/module/index.js"
     },
     "./package.json": "./package.json"
   },
-  "source": "./src/index.ts",
   "main": "./lib/module/index.js",
   "types": "./lib/typescript/src/index.d.ts",
   "scripts": {
diff --git a/packages/react-native-builder-bob/src/init.ts b/packages/react-native-builder-bob/src/init.ts
index 5d6c9c59b..ab424cb2a 100644
--- a/packages/react-native-builder-bob/src/init.ts
+++ b/packages/react-native-builder-bob/src/init.ts
@@ -257,13 +257,20 @@ export async function init() {
 
     if (targets.includes('commonjs') && targets.includes('module')) {
       exportsField['.'] = {
+        source: entries.source,
         import: importField,
         require: requireField,
       };
     } else if (targets.includes('commonjs')) {
-      exportsField['.'] = requireField;
+      exportsField['.'] = {
+        source: entries.source,
+        ...requireField,
+      };
     } else if (targets.includes('module')) {
-      exportsField['.'] = importField;
+      exportsField['.'] = {
+        source: entries.source,
+        ...importField,
+      };
     }
 
     if (
@@ -288,10 +295,8 @@ export async function init() {
   }
 
   const entryFields: {
-    [key in 'source' | 'main' | 'module' | 'types']?: string;
-  } = {
-    source: entries.source,
-  };
+    [key in 'main' | 'module' | 'types']?: string;
+  } = {};
 
   if (targets.includes('commonjs') && targets.includes('module')) {
     entryFields.main = entries.commonjs;
diff --git a/yarn.lock b/yarn.lock
index 7abae8602..f4ed985c8 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -12353,7 +12353,7 @@ __metadata:
     mock-fs: ^5.2.0
     mock-stdin: ^1.0.0
     prompts: ^2.4.2
-    react-native-monorepo-config: ^0.1.7
+    react-native-monorepo-config: ^0.1.8
     vitest: ^3.1.1
     which: ^2.0.2
     yargs: ^17.5.1
@@ -12362,13 +12362,13 @@ __metadata:
   languageName: unknown
   linkType: soft
 
-"react-native-monorepo-config@npm:^0.1.7":
-  version: 0.1.7
-  resolution: "react-native-monorepo-config@npm:0.1.7"
+"react-native-monorepo-config@npm:^0.1.8":
+  version: 0.1.8
+  resolution: "react-native-monorepo-config@npm:0.1.8"
   dependencies:
     escape-string-regexp: ^5.0.0
     fast-glob: ^3.3.3
-  checksum: 828b8132c0121f23993b34a4a979971b80061ff8810ff1275fc26e76a264d44bad14d219990013a0f4b705ac8e64a270549fbd906bfd4217d468f6aa08ec7712
+  checksum: 3c9abfd2dcd7d4da0d5d8d59f1e997f68283a6dc04935c310fece2a6ab62045e2b19f976d27894243f1cba6d9b9f1c3771e9f1428cd7cb0f7e00ed9c1e7251a5
   languageName: node
   linkType: hard