I have recently updated Android Studio from 2.2.3 to 2.3. Now can't see the option "Launch Standalone SDK Manager", which is useful to check for updates, google play services, etc.
To open the SDK Manager from Android Studio, click Tools > SDK Manager or click SDK Manager in the toolbar. If you're not using Android Studio, you can download tools using the sdkmanager command-line tool.
The sdkmanager is a command line tool that allows you to view, install, update, and uninstall packages for the Android SDK. If you're using Android Studio, then you do not need to use this tool and you can instead manage your SDK packages from the IDE.
It is a deprecated feature: https://code.google.com/p/android/issues/detail?id=235625 There is an option in Android Studio to "Show Package Details".
For manual SDK and AVD management, please use Android Studio. For command-line tools, use tools/bin/sdkmanager and tools/bin/avdmanager
See also: https://www.reddit.com/r/androiddev/comments/5x6adh/android_studio_23_is_now_available_in_the_stable/deg48lj/
Even I had this issue when I updated to Android Studio 2.3
Click on Configure on the bottom left side
Select the Check Box to Show Package Details on the bottom left side
Move between the different tabs as per your requirements.
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