Can i put ipod back up onto an iphone?

I have an old ipod 4 running IOS 6.1.6 I'm getting an iphone 5s that would be running the latest version of IOS 7. Would I be able to back up my ipod to itunes and then sync my phone as an old device with the data of my ipod?

It will work but you will need to update your apps since they will only have the version your ipod backup is

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