I had the same problem! iphone tries to activate my apple watch 1 to no avail and they both download in half a day! How can I solve this problem? This prevents me from testing the apps in progress on XCODE because iphone is stale.

Same here. Macbook PRO M1 - Monterey 12.0.1 - Xcode version 13.1 - iPhone 13 Pro - Apple Watch 1. Help me! Please :)