diff --git a/CHANGELOG.md b/CHANGELOG.md
index 7438a789..5f1aded7 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -11,6 +11,7 @@
 - Fixed `--project` argument not taking effect [#487](https://github.com/yonaskolb/XcodeGen/pull/487) @monowerker
 - Fixed Sticker Packs from generating an empty Source file phase which caused in error in the new build system [#492](https://github.com/yonaskolb/XcodeGen/pull/492) @rpassis
 - Fixed generated schemes for tool targets not setting the executable [#496](https://github.com/yonaskolb/XcodeGen/pull/496) @yonaskolb
+- Fixed resolving Carthage dependencies for iOS app with watchOS target. [465](https://github.com/yonaskolb/XcodeGen/pull/465) @raptorxcz
 
 ## 2.1.0
 
diff --git a/Sources/XcodeGenKit/PBXProjGenerator.swift b/Sources/XcodeGenKit/PBXProjGenerator.swift
index 1fff14e7..97433993 100644
--- a/Sources/XcodeGenKit/PBXProjGenerator.swift
+++ b/Sources/XcodeGenKit/PBXProjGenerator.swift
@@ -967,7 +967,13 @@ public class PBXProjGenerator {
                         frameworks[dependency.reference] = dependency
                     case .target:
                         if let projectTarget = project.getProjectTarget(dependency.reference) {
-                            queue.append(projectTarget)
+                            if let dependencyTarget = projectTarget as? Target {
+                                if topLevelTarget.platform == dependencyTarget.platform {
+                                    queue.append(projectTarget)
+                                }
+                            } else {
+                                queue.append(projectTarget)
+                            }
                         }
                     default:
                         break
diff --git a/Tests/XcodeGenKitTests/SourceGeneratorTests.swift b/Tests/XcodeGenKitTests/SourceGeneratorTests.swift
index debccc17..a3092f27 100644
--- a/Tests/XcodeGenKitTests/SourceGeneratorTests.swift
+++ b/Tests/XcodeGenKitTests/SourceGeneratorTests.swift
@@ -517,6 +517,23 @@ class SourceGeneratorTests: XCTestCase {
                 try expect(sourcesBuildPhase.files.count) == 1
             }
 
+            $0.it("add only carthage dependencies with same platform") {
+                let directories = """
+                    A:
+                    - file.swift
+                """
+                try createDirectories(directories)
+
+                let watchTarget = Target(name: "Watch", type: .watch2App, platform: .watchOS, sources: ["A"], dependencies: [Dependency(type: .carthage, reference: "Alamofire_watch")])
+                let watchDependency = Dependency(type: .target, reference: "Watch")
+                let target = Target(name: "Test", type: .application, platform: .iOS, sources: ["A"], dependencies: [Dependency(type: .carthage, reference: "Alamofire"), watchDependency])
+                let project = Project(basePath: directoryPath, name: "Test", targets: [target, watchTarget])
+
+                let pbxProj = try project.generatePbxProj()
+                let carthagePhase = pbxProj.nativeTargets.first(where: { $0.name == "Test" })?.buildPhases.first(where: { $0 is PBXShellScriptBuildPhase }) as? PBXShellScriptBuildPhase
+                try expect(carthagePhase?.inputPaths) == ["$(SRCROOT)/Carthage/Build/iOS/Alamofire.framework"]
+            }
+
             $0.it("derived directories are sorted last") {
                 let directories = """
                     A: