HT201269 me and my brother both are having iphone 4s we just want to exchange phones with each other also the whole data from one iphone to other is this possible or how can i do that with only one itunes?

just want to move data between two iphones using one itunes.

Make sure your computer iTunes is up to date. (iTunes 11.1.1)
Now, do it one iPhone at a time; When you connect and select iPhone in computer iTunes sidebar (iTunes > View > Show Sidebar), what iPhone name do you see?
iTunes is smart enough to tell the differences if each has a unique name.
Point One checked.
Right click on iPhone name in Sidebar and choose Backup.
Do the same for the second iPhone.
Make a copy of the backups in computer to another location (Just incase something gone wrong)
Where iTunes backups are stored on computer http://support.apple.com/kb/HT4946
Point 2 checked.
Point 3 & 4
http://support.apple.com/kb/ht1766

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