The Direxion Daily AAPL Bull 1.5X Shares (AAPU) closed down 0.2% at $40.44 on December 6th, as Apple's stock experienced a slight decline of 0.23% to $242.47. Apple's stock movement was influenced by the company's strategic shift to develop its own 5G modem chips, aiming to reduce reliance on Qualcomm. This transition, set to span three years, reflects Apple's broader strategy of integrating its hardware and software for enhanced performance. The initial modems, debuting next year, will focus on power efficiency and ecosystem integration, though they will initially lack mmWave support. Additionally, investor concerns about Apple's valuation and portfolio concentration have been growing, particularly among those nearing retirement, prompting discussions on diversification.