Local repair shops and independent tech enthusiasts are some of the most frequent buyers.

Since they can perform the labor themselves, they fix the damage and resell the phone as "refurbished" for a profit. 2. Specialized Buyback Companies

About 95% of what they buy is refurbished and resold on marketplaces like Amazon or eBay. The remaining 5% is salvaged for parts to give other devices a "second life". 3. Major Retailers and Carriers