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Apple today officially unveiled the iPhone SE and 9.7-inch iPad Pro during a short keynote at its Infinite Loop campus in Cupertino, California. The new handset replaces Apple's existing 4-inch device, the iPhone 5s. The iPhone maker said it has sold over 30 million 4-inch models last year, proving that there is still demand for smaller smartphones. The iPhone SE is basically an updated version of the 5s that puts it more in line with Apple's current flagship models, the iPhone 6s and 6s Plus.

Apple (NASDAQ:AAPL) opened the week at $101.90 and continued its climb, peaking midday Thursday at $106.34. After slipping on Friday, Apple stock closed the week at $105.92 for a gain of $4.02 (+3.95%) over the five-day period. There is much anticipation for new product releases at today's media event, especially for the iPhone SE. This update to Apple's 4-inch iPhone is expected to boost iPhone sales around the globe. More headlines in the world of AAPL follow below.

The buzz surrounding tomorrow's Apple media event has reached a fever pitch. The company is expected to launch a highly anticipated update to the 4-inch iPhone, dubbed the iPhone SE. Besides the deluge of rumors surrounding the event, more leaks seem to have confirmed major changes in the iPhone 7 camera design, speakers and ports. Read on for more on this news and other highlights from the week in Apple.

The Game Developers Conference has been running all week at the Moscone Center in San Francisco, California. Instead of looking at one app this week, we will be looking at a few upcoming mobile games that were previewed by Touch Arcade at the event. You can see Touch Arcade's full coverage of GDC 2016 here. Here are a few highlights from the conference.

SEGA has begun porting its popular series Sonic the Hedgehog to the Apple TV. Starting today Sonic fans can download the original game from the Apple TV App Store. SEGA will then release Sonic the Hedgehog 2 on March 24, followed by Sonic CD on March 31. The games will also be playable across all iOS devices. This means anyone who has already downloaded Sonic on their iPhone or iPad will be able to access it on their Apple TV for free by downloading it from the ‘Not on This Apple TV’ section.