In Xcode 6.3, I got this error when trying to run an iOS project written in Swift on a real device.
App installation failed
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Once I had to load an App Container for debugging purposes into an iPad, said operation failed because the container was too big (18 GB) for this device (16 GB minus the OS), so that I desisted the task and completly forgot about it, leaving the failed installation in the device. Later, when trying to install a different application this error appeared, once I got rid of the failed app installation, everything got back to normal. Basically, your Ipad might be low in storage.