Xcode Instruments error: "Allocations tracking library was not loaded in time"

Question

Problem started when installed Xcode5 bundle. I'm using Mavericks - not sure if that is relevant.

Cannot profile allocations in simulator. Instruments would load and start app in the simulators but instead of allocations log I see this:

Did anyone face this problem?

Answer 1

Also got this error: If the simulator was set to "iPhone" (iOS6), and active scheme was iOS7, then I got this error as well.

Solution: So either set your active scheme to an iOS6 device, or change hardware in the simulator to an iOS7 device.