New app as version 2 of another app. Is it possible?

I realised after coding my new app that it is possible to give it as an update to an older app via light weight migration. i dont mind removing the new app. Better if i can merge the Into a single product. is it possible?

If you use the same bundle identifier and same profile it may be possible. But if the functionality of the version 2 is not the same as version 1 , AppStore review may be a challenge.

New app as version 2 of another app. Is it possible?
 
 
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