Officially released to developers just this morning, the iOS 10.3 is the third major update to the iOS 10 operating system. One of this update's main feature is the new "Find My AirPods" mode intended for locating anyone's lost AirPods, but along with that, the update also includes many other smaller changes and features
iOS 10.3 Update Features
According to Macrumors, there's a new profile option in the Settings app, Sirikit has been enhanced to include bill-paying functionality, the iCloud usage is now broken down a lot more clearly, and there is now a new file system implemented when first installing iOS 10.3. Here are small details about some of the features of the new iOS 10.3 update
Apple has adjusted the animation for opening and closing apps a bit. As apps close and open, they now have more rounded edges, a small difference that's pretty noticeable on apps that open slowly.
Apple ID Settings profile
There's a new Apple ID profile option that's displayed at the topmost of the Settings app. It shows all of a user's Apple ID info, including all devices they're signed into, and it also has links to iCloud, App Store & iTunes, as well as Family Sharing.
Find My AirPods
Find My AirPods is a new option available in the "Find My iPhone" app. AirPod always have the potential to be misplaced, which is why this app keeps track of the last known location where your AirPods were connected your iOS device over Bluetooth, making it easier to find.
It also allows users to play a sound to locate a lost AirPod.
iOS 10.3 still under beta tests
According to TheWallStreetJournal, iOS 10.3 is currently only available for developers, but Apple will likely release a public beta intended for public beta testers in the near future. iOS 10.3 will likely remain in testing for a couple months before officially it sees a public release.
iOS 10.3 could potentially launch in either March or April.