A few days before Apple released iOS 7, they began supporting downloads of older versions of your application . From the article:
For example, a user running iOS 5 can now download an application that supports this version of iOS for the first time, even if the latest version of the application is ready for iOS 7. This step, which was highlighted on Reddit, is significant, as it will give those who don’t updated its iPad, iPhone, or iPod to the latest iOS access to much more applications.
So, if I were you, I would do another update to support older iOS devices for the last time before moving on to them and setting the deployment goal to a higher version of iOS.
Strange, I don’t think we can go back and update an older version of our application. So, if we have an application 1.0 that supports up to iOS 5, then App 1.1 only supports iOS 7 and above, there is no way to publish update 1.0.1 to fix critical errors for users of iOS 5.
That's why I said that I was updating it for the last time before attacking the deployment target. Maybe wait a few weeks and see if your last update has any critical errors.
source share