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from release notes for 12.4: Known Issues
Xcode may hang if the host Mac is connected to an iOS device which has one or more companion watches. The hangs occur when the watches aren't fully prepared for development, or if they are experiencing poor wireless connectivity. (72490921) (FB8945320)
Workaround: Power off the watches, or unpair them from the iPhone.
You can force Xcode to freshly prepare a watch for development using these steps:
Topic:
Developer Tools & Services
SubTopic:
Xcode
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