Group 1 - The core point of the article is that the resale market for Apple's iPhone 17 has collapsed, with prices falling below official retail prices due to increased competition and changes in consumer behavior [1][3][4] - iPhone 17 prices on e-commerce platforms like Pinduoduo are significantly lower than official prices, with discounts reaching around 900 yuan for various models [1][2] - The pre-order volume for the iPhone 17 series has surged, with over 2 million reservations on JD within 6 hours, and nearly three times the pre-order volume compared to the iPhone 16 series on Tmall [2] Group 2 - The traditional profit model for scalpers has been disrupted, as the iPhone 17 series launched at lower prices, indicating a shift in market dynamics [3][4] - Factors contributing to the decline in iPhone's resale value include limited innovation from Apple and increased competition from Android manufacturers, particularly Huawei [4][5] - E-commerce platforms like Pinduoduo have gained a competitive edge by securing early access to new products and offering substantial subsidies, effectively eliminating the price advantage previously held by scalpers [5][6] Group 3 - The decline of scalpers in the iPhone market represents a market clearing process driven by innovative business models, similar to the reduction of street crime due to technological advancements [5][6] - The new e-commerce model, characterized by direct subsidies and efficient supply chain management, has outperformed individual scalpers in both speed and pricing [6][7] - Long-term value in the market will be driven by business models that continuously lower transaction costs, reflecting the inevitable evolution of the industry [7]