The company has operated a device trade-in program since 2009 but the buy-back program differs because it carries assurance that Best Buy will buy this particular device back, said Dunn.

FORBES: Best Buy Officially Launches Buy Back Program

What I'm curious about is if this administration is open to the concept suggested by others of a federal buy-back program of, under some circumstance, purchasing back -- as some states have -- ammunition clips, certain types of weapons, other things like that as part of way to deal with two things that are happening.

WHITEHOUSE: Press Briefing

Best Buy offers a Take Back program, where customers can bring in their old electronics for e-cycling.

FORBES: Reduce, Reuse, E-Cycle