can I keep my old iphone information on it after I set up a new iphone?
Can I keep my older iphone settings and information on it after I set up a new phone?
iPhone 7, iOS 14
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Yes, UNLESS you plan to sell, give away or trade the phone in. If you intend for someone else to use the phone, it should be prepared properly for a new user.
What are your plans for the older phone after setting up your new phone?