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Apple support document updated with 12.4 migration assistant. Previously a similar function was called Quickstart, which relied on iCloud or iTunes backups. https://support.apple.com/en-ca/HT210216 It also notes: ... If you're using the wired method, the transfer icon indicates that your devices are connected. You can also choose whether to transfer some settings, such as Apple Pay and Siri, from your previous iPhone to your new iPhone. If you have an Apple Watch and you're setting up a new iPhone, you'll be asked if you'd like to transfer your Apple Watch data and settings.