Oven and Pan Preparation: Begin by preheating the oven to 350°F (175°C). Concurrently, prepare a standard bundt cake pan by applying a generous coating of either melted butter or a high-quality cooking spray. Set aside for subsequent use.

Apple Preparation: Proceed to peel and core each apple. Two of these apples should then be finely diced into approximately half-inch pieces, while the third apple should be coarsely grated using the larger side of a box grater. Transfer these prepared apples into a medium-sized mixing bowl, adding two tablespoons of freshly squeezed lemon juice and one teaspoon of lemon zest. Stir the mixture until the apples are uniformly coated. Reserve this mixture for later incorporation.

Batter Formation: In a separate, capacious mixing bowl, combine the eggs and granulated sugar. Employ an electric mixer to blend these ingredients until the mixture achieves a light color and a fluffy consistency, a process that should take no more than 2-3 minutes. Subsequently, integrate the milk, olive oil, and pure vanilla extract into the mixture, continuing to mix until fully combined. Sift the all-purpose flour, baking powder, and salt directly into the mixture, blending until a smooth and consistent batter is formed, devoid of any lumps.

Incorporation of Apples: With care, fold the reserved apple mixture into the batter, ensuring an even distribution throughout.

Baking: Transfer the completed batter into the previously prepared bundt cake pan, smoothing the top as necessary. Sprinkle the surface evenly with two tablespoons of granulated sugar before placing in the center of the preheated oven. Bake for a duration of 40 to 50 minutes, or until the cake has slightly retracted from the pan edges and a toothpick inserted into the center emerges mostly clean with a few crumbs attached.

Cooling: Upon removal from the oven, allow the cake to cool on a wire rack for approximately 10 minutes. Following this period, carefully remove the cake from the pan and permit it to cool to room temperature.

Final Presentation: Optionally, for an enhanced aesthetic appeal, dust the completely cooled cake with powdered sugar prior to serving.