itunes taking time to extract software for iphone restore

Hello Rishnit,

Welcome to Apple Support Communities. Thanks for reaching out to us from the linked article: If you see an error when you update or restore your iPhone, iPad, or iPod

We're happy to help with this trouble you're having with iTunes. First, let's make sure that the iTunes software is current on your computer. Follow the steps here to check, and update if needed:

Update to the latest version of iTunes

Next, this can be expected. This article explains in Step 4, with what to do when it happens:

If you can't update or restore your iPhone or iPod touch

"Wait while your computer downloads the software for your device. If the download takes more than 15 minutes and your device exits the recovery mode screen, let the download finish, then repeat step 3."

Let us know the outcome, and we can go from there if needed.

Cheers!