Apple is expected to release iOS 7.1 in next few days. Apple has plans to release an iOS 7.1 based app that will stream the iTunes festival performances at SXSW 2014. Since SXSW festival will begin on March 11th, it is expected that the new update will release prior to March 11th as the new festival app will require iOS 7.1 to run.
One thing to note is that Apple hardly releases updates on the weekend, so we hope the update will be available either tomorrow (Friday) or on Monday.
In the meanwhile, we suggest you to clean up your device (iPhone or iPad) and download latest version of iTunes to enable you to download the new update on time before the SXSW festival.
Also we feel this 7.1 is probably the last major update as it is already clear that the new iPhone 6, which is expected to be released in the 3rd quarter of 2014, will have iOS 8.
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