Can you swap a new device for an old device on the one iTunes account?

I have an old 4th Gen Apple iPod Touch connected to my iTunes account. I'm getting the new iPhone soon and I was just wondering if it's possible to connect my iPhone to the iTunes account already in use and get rid of my iPod Touch. That way I can have all my previously bought apps and downloaded songs synced onto my iPhone.So, is it possible? If so.how?

You sure can. When you plug your new iphone in, it will ask if you want to sync it with that computer. Say yes, choose which things you want synched, and all your old stuff will be on the new phone.

Be SURE, though that you plug your old 4th gen ipod into itunes, right click on it, and choose 'transfer purchase' and let it do that. And then right -click it and choose 'backup'

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