How To Buy Apple Stock On Robinhood In 2024 (AAPL)

Apple is one of the most well known publicly traded companies in the United States.

If you're looking to become a shareholder, this guide will walk you through the steps to buy Apple stock, from initial research to completing a buy order.

Be sure to check out our video below on how to buy Apple stock!

1. Research Apple

Before buying any stock, it's essential to do your homework.

Apple (AAPL) is one of the largest and most valuable companies in the world, but that doesn't mean it's a perfect investment for everyone. Start by researching Apple’s financial health, business model, and growth potential.

Some key areas to focus on:

• Financial Statements: Review their revenue, profit margins, and debt levels.
• Business Strategy: Understand how Apple continues to innovate and maintain market leadership with products like the iPhone, Mac, and services like Apple Music and iCloud.
• Market Position: Consider Apple’s competitive advantages and risks, such as competition from other tech giants like Google and Samsung.
• Recent News: Stay up to date with current events, such as product launches or changes in leadership, that could impact the company’s stock performance.

2. Choose A Brokerage Platform

Once you’ve decided to invest in Apple, the next step is to choose a brokerage platform. There are a variety of online brokerage accounts to choose from, each offering different features, fees, and platforms.

Popular brokerage platforms include Fidelity, Charles Schwab, TD Ameritrade, Robinhood, and E*TRADE. Choose the one that best suits your investment style and financial goals.

We're going to be using Robinhood to buy Apple stock. This is a commission free stock trading app that offers fractional shares, meaning you can invest as little as $1 into Apple stock.

3. Get Your Free Stock

Robinhood offers an incentive for new users who are opening a new brokerage account.

If you use our link to sign up for Robinhood here - you will get a free stock worth up to $200 when you fund the account!

The value of the stock is random, and you get to choose your free fractional share from a list of 20 leading American companies.

If you're looking to learn more, here's our full guide on how Robinhood works for beginners.

4. Deposit Funds

In order to buy a stock, you will need to have funds in your brokerage account.

Robinhood offers an instant deposit feature, which means you can invest your money that you deposit before it settles. It usually takes a few business days for the transfer from your bank account to complete.

Here's how to deposit money into Robinhood:

1. Open the Robinhood App
2. Click on "Buying power" in the middle of the screen
3. Click on the black "Deposit funds" button at the bottom
4. Choose the bank account you want to deposit funds from
5. Enter the dollar amount you would like to transfer
6. Click on the black "Review" button
7. Click on the "Transfer $_" button at the bottom after confirming details

Once you initiate this deposit, you will get access to up to $1,000 immediately through the instant deposit feature.

5. Search For Apple Stock

You are now ready to invest!

Here's how to buy Apple stock in the Robinhood app:

1. Open the Robinhood App
2. Click on the Search Icon in the top right
3. Enter the stock symbol (AAPL)
4. Click on the stock
5. Click on the green "Trade" button 
6. Select "Buy"
7. Enter the dollar amount you want to invest
8. Click on the green "Review" button 
9. Swipe up to submit the order

That's it! Just like that, you've become an investor in Apple stock using Robinhood.

You can now monitor your investment over time in the app. It's important to stay up to date on news and events related to any companies you invest in. This includes tuning in to quarterly earnings reports, for example.