There are a few ways to do this.
I'd do it by using zip and groupby.
First:
>>> list(zip(list_1, list_2))
[('A-1', 'iPad'),
('A-1', 'iPod'),
('A-1', 'iPhone'),
('A-2', 'Windows'),
('A-2', 'X-box'),
('A-3', 'Kindle')]
Now:
>>> import itertools, operator
>>> [(key, list(group)) for key, group in
... itertools.groupby(zip(list_1, list_2), operator.itemgetter(0))]
[('A-1', [('A-1', 'iPad'), ('A-1', 'iPod'), ('A-1', 'iPhone')]),
('A-2', [('A-2', 'Windows'), ('A-2', 'X-box')]),
('A-3', [('A-3', 'Kindle')])]
So, you just want each group, ignoring the key, and you only want the second element of each element in the group. You can get the second element of each group with another comprehension, or just by unzipping:
>>> [list(zip(*group))[1] for key, group in
... itertools.groupby(zip(list_1, list_2), operator.itemgetter(0))]
[('iPad', 'iPod', 'iPhone'), ('Windows', 'X-box'), ('Kindle',)]
I would personally find this more readable as a sequence of separate iterator transformations than as one long expression. Taken to the extreme:
>>> ziplists = zip(list_1, list_2)
>>> pairs = itertools.groupby(ziplists, operator.itemgetter(0))
>>> groups = (group for key, group in pairs)
>>> values = (zip(*group)[1] for group in groups)
>>> [list(value) for value in values]
… but a happy medium of maybe 2 or 3 lines is usually better than either extreme.
list_1guaranteed to be sorted (such that all the occurrences of each index value appear in a row)?