5 Dow Jones Stocks Every Investor Should Own

2. Apple Inc. (NASDAQ:AAPL)

On the second spot we have Apple Inc. (NASDAQ:AAPL), in which 113 investors held stakes heading into the second quarter of 2017, compared to 126 funds three months earlier. The iPhone maker is the latest addition to the Dow Jones Industrial Average, having replaced AT&T in March 2015. Last month, Apple posted a surprise fall in iPhone sales, as it sold 50.8 million units in its fiscal 2017 second quarter ended April 1, compared to 51.2 million units a year earlier. The company also registered two consecutive quarters of declining iPhone sales last year, which resulted in its first annual sales drop since 2001.

Apple Inc. (NASDAQ:AAPL) said lower sales were due to anticipation for the new iPhone expected later this year, but some analysts expressed concerns over the tech giant’s position in China, where local manufacturers have been releasing premium smartphones at much lower prices. To address the issue, Apple Inc. (NASDAQ:AAPL) has been trying to tap into some emerging markets, particularly India. Tim Cook, Apple’s CEO, traveled to India last year and recently met with Indian prime minister Narendra Modi during his visit to the U.S. Apple Inc. (NASDAQ:AAPL) plans to establish a factory to assemble iPhones in India and expects that it will be allowed to open retail locations in the country as well.