Why This Robinhood Stock Is a Smart Buy Right Now

Amid the release of a new iPhone and its Series 7 Watch, Apple (NASDAQ: AAPL) has emerged as a popular stock among users of the Robinhood Markets (NASDAQ: HOOD) stock-trading platform. Admittedly, the list of most widely held stocks on Robinhood may better reflect the companies that are most acclaimed rather than those most likely to generate positive returns. Nonetheless, Apple is a tech stock that provides a combination of popularity and genuine growth that could deliver for investors.

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While there appeared to be some uncertainty about the company late in the previous decade, Apple has managed to revive its product line in the eyes of consumers. In 2019, Apple faced declining iPhone sales. The iPhone, which has long generated the majority of the company's revenue, was losing customers to lower-cost competitors. Moreover, other products such as the iPad and Mac were posting only tepid growth. Despite the release of the first Apple Watch in 2015 and AirPods wireless headphones in 2016, the company had offered few truly new product lines since founder Steve Jobs passed away in 2011.

Source Fool.com