This folder is now in the Xcode.app bundle. Open the Terminal
app on your Mac, then:
$ cd /Applications/Xcode.app/Contents/Developer/Platforms/iPhoneOS.platform/DeviceSupport
$ ls
4.2 4.3 5.0 5.1 6.0 6.1 7.0 (11A465)
$ rm -rf "7.0 (11A465)"
By the way, if this doesn't work, you might want to consider reinstalling Xcode and see if it fixes the issue.