I hit this just now and found this thread because I was trying to understand why it was stuck on this forever, when I haven't had other problems.
I don't have an answer to that question, but I tried unplugging the cable and then plugging it back in while on that alert and that seemed to break it out of the loop it was stuck in, so maybe give that a shot. It switched over to "Copying shared cache symbols from iPhone" after that and completed installation.
Topic:
Developer Tools & Services
SubTopic:
Xcode
Tags: