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
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/
Here is my quick,temporary solution for XCode 11+ release, Download the file iOS 14.1 build from Xcode 12.1