diff --git a/tools/gn/xcode_object.cc b/tools/gn/xcode_object.cc
index 8a31470..17d82e5 100644
--- a/tools/gn/xcode_object.cc
+++ b/tools/gn/xcode_object.cc
@@ -742,10 +742,18 @@
           std::string(), output_name,
           type.empty() ? GetSourceType(ext) : type)));
 
-  size_t ext_offset = FindExtensionOffset(output_name);
+  // Per Xcode build settings documentation: Product Name (PRODUCT_NAME) should
+  // the basename of the product generated by the target.
+  // Therefore, take the basename of output name without file extension as the
+  // "PRODUCT_NAME".
+  size_t basename_offset = FindFilenameOffset(output_name);
+  std::string output_basename = basename_offset != std::string::npos
+                                    ? output_name.substr(basename_offset)
+                                    : output_name;
+  size_t ext_offset = FindExtensionOffset(output_basename);
   std::string product_name = ext_offset != std::string::npos
-                                 ? output_name.substr(0, ext_offset - 1)
-                                 : output_name;
+                                 ? output_basename.substr(0, ext_offset - 1)
+                                 : output_basename;
 
   PBXAttributes attributes = extra_attributes;
   attributes["CODE_SIGNING_REQUIRED"] = "NO";