Installation failed with message Error: android.os.ParcelableException: java.io.IOException: Requested internal only, but not enough space

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This issue is about your storage in the emulator. Default AndroidStudio value of 2Gb is not enough for modern Android versions.

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Solution

Step 1: close the emulator.

Step 2: Wipe the emulator.

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Step 3: change the internal storage and SD Card to 4098MB.

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Step 4: Run the Emulator.

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