The increasing number of waste mobile phones is a severe problem faced by China. The rapid development of technologies, especially innovation of mobile phones, cause the continuously declined life service circle of those phones. Consequently, a large amount of waste phones need to be recycled to prevent serious environmental pollution and waste of resources. Nevertheless, considering the rapidly growing aged population in China, they have already fallen behind the pace of the time. Aged group also requires help to adapt to the new technology devices. This article primarily analyzes the current situation, barriers, and advance method of mobile phone recycling, and discusses the elders' needs and barriers of using smart phones additionally to evaluate the feasibility of building enterprises to recycle waste phones and modified them to meet the demands of the aged group. The analysis in this article reveals that both the mobile phone recycling market and the elderly consumer group have huge potential, therefore it is feasible to construct such a enterprise.