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home / news releases / PSXP - John And Jane's Taxable Account  Dividend Increases And Income Tracker - The Apple Effect


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 YCharts

Here is how a few of AAPL's suppliers have fared over the last few months.

AAPL data by YCharts

I refer to the impact on these companies as the Apple Effect since many

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Stock Information

Company Name: Phillips 66 Partners LP representing limited partner interest in the Partnership
Stock Symbol: PSXP
Market: NYSE
Website: phillips66partners.com

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