iOS 10.1 and Xcode 8 issue

Question

Just installed iOS 10.1 (non beta) today, as well as the latest (non-beta) version of Xcode via the App Store and am encountering the following error:

My Xcode

Answer 1

iOS 10.1 support wasn't added until Xcode 8.1 which is currently available as a GM release from https://developer.apple.com/download/