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One man's trash is another man's treasure, and with faulty mobile phones and electronics, you can turn a throwaway into something useful. For those who are handy and love to dabble in repairs, faulty items like an Apple iPhone or an Xbox 360 can provide an excellent way to pass the time and save money at the same time.

Take advantage of another's misfortune by snatching up a device for parts. You can be up and running in no time.