PSXP - John And Jane's Taxable Account Dividend Increases And Income Tracker - The Apple Effect
Investment Thesis
Apple's (AAPL) weaker-than-expected iPhone sales have taken the market by storm as its market cap continues to plummet after recently reaching a total valuation of $1 Trillion. AAPL's decline in share price has spread like wildfire throughout the tech industry and appears to be negatively impacting the share price of its suppliers and competitors.
^DJI data by YChartsHere is how a few of AAPL's suppliers have fared over the last few months.
AAPL data by YChartsI refer to the impact on these companies as the Apple Effect since many