Create new version of app while previous version is Approved and Developer removed from sale
<p>Version 1.0 of our app is approved (developer removed from sale) and we are working on an update 1.1 to fix some small issues. <strong>Is it possible to add a new version 1.1 of the app on Itunes Connect without compromising the current approved version?</strong> Since the new version may not be approved in time for the release, we will release version 1.0.</p>

<p><a href="https://developer.apple.com/library/ios/documentation/LanguagesUtilities/Conceptual/iTunesConnect_Guide/Chapters/ReplacingYourAppWithANewVersion.html" rel="nofollow">https://developer.apple.com/library/ios/documentation/LanguagesUtilities/Conceptual/iTunesConnect_Guide/Chapters/ReplacingYourAppWithANewVersion.html</a></p>

<blockquote>
  <p>You will only be able to add a new version for a new platform or a
  platform that has a Ready for Sale or Developer Removed from Sale
  version. If a platform version has not completed the app review
  process—it has a status such as Prepare For Submission or Waiting For
  Review—you can replace the build in the existing version instead of
  adding a new version. See Removing a Build from Review.</p>
</blockquote>