Apple Down More Than 1%, Poised For Third Weekly Loss

Shares of Apple Inc. are off more than 1% on Friday in line with the broader market's decline. Apple shares have been seesawing all week following the unveiling of Apple Watch on Monday with reception to the device ambivalent. Apple stock is down 1.1% to $123.04 in early afternoon trading. The stock is up 11.5% for the year but is poised for a third straight week of losses if it does not recover significantly during the session.