Xcode Organizer: can not use iPhone (dyld_shared_cache_extract_dylibs failed)

Target path to directory has been changed since Xcode 3.

If you have same issue in Xcode 8 then follow next steps:

  1. Delete a directory in ~/Library/Developer/Xcode/iOS DeviceSupport/
    that matches the version of the iOS on your device.
  2. Restart Xcode.

Source: Apple Developer Forum

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