Apple is holding an event today at its Cupertino, California, headquarters, where it is expected to unveil new updates to its iPhone product line.

A recent article in The New York Times documents the struggle of many major tech firms to succeed despite having business models that all but ignore the cloud computing revolution.

Since the death of Steve Jobs, Apple has had a few shakeups at the top of its executive ladder.

The big news in the technology world this week has been the purchase of Nokia's devices unit by Microsoft for $7.17 billion.