Group 1 - A-shares experienced a collective decline, with the Shanghai Composite Index down by 0.07% during midday trading on October 22, 2023 [1] - The sectors showing gains included power generation equipment, soft drinks, and office supplies, while precious metals and gas sectors faced significant declines [1] - The Consumer Electronics ETF (159732) fell by 0.72%, with notable individual stock performances such as Deli Technology up by 4.01% and Huanxun Electronics up by 2.40% [1] Group 2 - The iPhone 17 series has shown strong early sales performance in both China and the US, with a 14% increase in sales compared to the iPhone 16 series [3] - JD.com reported that the iPhone 17 series surpassed last year's total sales volume within just one minute during the pre-sale phase, setting a new sales record [3] - According to招商证券, the sales trend for the new iPhone models is better than market expectations, indicating the start of a three-year innovation acceleration cycle, with a focus on AI software and ecosystem innovations in the coming year [3]

Core Viewpoint - The strong pre-order demand for the iPhone 17 series, particularly in the Chinese market, is expected to benefit the supply chain, including companies like Lens Technology, which has seen a stock price increase of over 4% [1][1][1] Group 1: iPhone 17 Demand and Supply Chain Impact - iPhone 17 models have longer delivery times compared to previous versions, with the standard and Pro Max models seeing an increase of 8 days, while the average delivery time in mainland China has increased by 17 days to 27 days [1][1][1] - Analysts predict a 25% year-on-year increase in planned production for the iPhone 17 standard, Pro, and Pro Max models, with the production of iPhone Air being three times that of iPhone 16 Plus [1][1][1] - The extended delivery times amidst increased production indicate strong pre-order demand for the iPhone 17 series [1][1][1] Group 2: Investment Recommendations - Zheshang Securities highlights that the booming sales of iPhone 17 will drive high demand in the supply chain, particularly benefiting suppliers involved in structural components and thermal management [1][1][1] - The firm recommends focusing on supply chain stocks like Lens Technology due to the expected performance elasticity [1][1][1] - According to招商证券, the acceleration of hardware innovation by Apple over the next three years, along with advancements in AI software and ecosystem, presents investment opportunities in the undervalued Apple supply chain [1][1][1]