The error exists in the Windows Phone 8 Silverlight project and does not exists in the Android nor the iOS projects.
After project creation is completed, go ahead and build the entire solution (or in this case just the Windows Phone project). Potentially you'll get the error as below:
Because of this, you won't be able to compile the windows phone project at all.. sad!
All is not lost, the good thing is that it is easy to fix!
What you need to do is this..
Navigate to the Windows Phone 8.0 project and expand Properties. You will see several files on that section and one of them is WMAppManifest.xml file.
Next, double click on that file. You'll get this.
click the link "View manifest in XML editor" and choose "Yes" when the dialog popups up.
Find the the section ProductID and PublisherID.
It should look something like this in the xml:-
Now, what you need to do is put in open and close curly brackets for both ProductID and PublisherID
Save, the file, and close it. Double click on the WMAppManifest.xml file again. You will get this
Compile the project. The error is gone :)
I am not sure if this is a fix for it, but it does work in my case.
I am happy! :)
Happy coding!