From the docs:
* When a user downloads an application update, iTunes installs the update in a new application directory. It then deletes user data files from the old installation into the new application directory before uninstalling the old installation. Files in the following directories will be saved during the upgrade process:
Application_Home / Documents
Application_Home / Library
Although files in other user directories may also be moved, you should not rely on them to be present after the upgrade. *
I recommend that you read the application runtime
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