I am trying to install Android Studio in Mac OS 10.12.3 I downloaded Android Studio v2.3 for mac.
It installs successfully, but when setting up for the first time, i
Ok, after a lot of search, and asking for help, i found something. Maybe it can help someone else.
I still didn't figure out what was the problem, but i got a workaround.
Since android studio couldn't install SDK, i used homebrew to install android-sdk separately, and then linked that folder as ANDROID_HOME and then set that path in Android Studio SDK, and it worked.
There was some more problems i faced in updating SDK Tools, but updating from command line did the trick.
Now all works fine.
Once you've failed the install, click Finish (I believe twice) to get to the Android SDK launcher. Click on Settings -> Appearance & Behavior -> System Settings -> Updates and change the Update Channel to "Canary Channel".
Close out of the SDK and relaunch the Android Studio. It should go forward w/o issue.
Daniel Mooney‘s answer is a good way to solve the problem. Just change the Update Channel to "canary channel"