How can the layout update be utilized to display the newest or most recent products on the homepage of Magento?

edit

1. Go to the backend of Magento and access the CMS page where you want to add the new products.

2. In the content section, insert the following code:

<referenceContainer name="content">


<block class="Magento\Catalog\Block\Product\NewProduct" name="new_products" template="Magento_Catalog::product/newproduct.phtml">

<arguments>

<argument name="products_count" xsi:type="number">12</argument>

</arguments>

</block>

</referenceContainer>

1. Save the page.

This will add a new-products block on the homepage that will display the latest 12 products. You can customize the number of products you want to display by changing the value of the "products_count" argument.