The stock is currently up 0.8 percent at USD 99.15 and the Nasdaq's most actively traded name in premarket trading.

Investors are looking for Apple to debut a smartwatch. If no new product category is announced, investors could take profits in the stock, which is up almost 23 percent this year and recently hit record levels. Daily moves have been smaller than average at the tech giant of late, with many investors holding off on making bets until the details of the products are known.

Annie's Inc is also among the market's most active names, jumping in premarket after General Mills Inc agreed to buy the organic food producer for about USD 820 million.