I have a very simple application with a single view, containing several UILabels. Upon running in Simulator, the Xcode console returns the error:
libM
I went to XCode -> Preferences -> Components Ticked all the simulators and the check box to install updates automatically, and then "check and Install now" and went away for a few hours while they all updated.
Now the problem is gone - so in fact, it's as mentioned. New XCode with Old - non-updated simulators.