diff --git a/eng/versioning/version_client.txt b/eng/versioning/version_client.txt
index a437398716272..e46cb70686708 100644
--- a/eng/versioning/version_client.txt
+++ b/eng/versioning/version_client.txt
@@ -107,7 +107,7 @@ com.azure:azure-developer-devcenter;1.0.0-beta.1;1.0.0-beta.2
 com.azure:azure-e2e;1.0.0-beta.1;1.0.0-beta.1
 com.azure:azure-identity;1.7.3;1.8.0-beta.1
 com.azure:azure-identity-perf;1.0.0-beta.1;1.0.0-beta.1
-com.azure:azure-iot-deviceupdate;1.0.2;1.1.0-beta.1
+com.azure:azure-iot-deviceupdate;1.0.3;1.1.0-beta.1
 com.azure:azure-iot-modelsrepository;1.0.0-beta.1;1.0.0-beta.2
 com.azure:azure-maps-traffic;1.0.0-beta.1;1.0.0-beta.2
 com.azure:azure-maps-weather;1.0.0-beta.1;1.0.0-beta.2
diff --git a/sdk/deviceupdate/azure-iot-deviceupdate/CHANGELOG.md b/sdk/deviceupdate/azure-iot-deviceupdate/CHANGELOG.md
index bfc55dc2bfb8b..c43f898e411e0 100644
--- a/sdk/deviceupdate/azure-iot-deviceupdate/CHANGELOG.md
+++ b/sdk/deviceupdate/azure-iot-deviceupdate/CHANGELOG.md
@@ -10,6 +10,15 @@
 
 ### Other Changes
 
+## 1.0.3 (2023-01-18)
+
+### Other Changes
+
+#### Dependency Updates
+
+- Upgraded `azure-core` from `1.34.0` to version `1.35.0`.
+- Upgraded `azure-core-http-netty` from `1.12.7` to version `1.12.8`.
+
 ## 1.0.2 (2022-11-10)
 
 ### Other Changes
diff --git a/sdk/deviceupdate/azure-iot-deviceupdate/README.md b/sdk/deviceupdate/azure-iot-deviceupdate/README.md
index 2e5527ab888d2..6b2e7df973d4f 100644
--- a/sdk/deviceupdate/azure-iot-deviceupdate/README.md
+++ b/sdk/deviceupdate/azure-iot-deviceupdate/README.md
@@ -24,7 +24,7 @@ For the best development experience, developers should use the official Microsof
 <dependency>
   <groupId>com.azure</groupId>
   <artifactId>azure-iot-deviceupdate</artifactId>
-  <version>1.0.2</version>
+  <version>1.0.3</version>
 </dependency>
 ```
 [//]: # ({x-version-update-end})