Actually you can skip. You don't have to install updates incrementally.
updating now...
An interesting note: I placed the unzipped .bin file for "Phantom 3 Advanced Firmware v1.6.0040" in the root directory of the card, and aircraft just started up normally; no beeping or red/green gimbal flashing.
Then, for fun, I replaced that file with the .bin file for "Phantom 3 Advanced Firmware v1.5.0030" (the second to latest FW version,) and the aircraft began to beep annoyingly and flash red/green.
I guess one cannot "skip over" versions when updating.........just thought i'd share....