Functionality is shared among mobile devices in a peer to peer manner. A mobile device can include a plurality of functional components that can each perform respective functionality. Examples of the functionalities can include transceiver communications, processing, power, memory, input and output for the mobile device. Further, the mobile device can include a sharing component that enables sharing a particular third party functional component to replace or supplement operation of a corresponding functional component of the mobile device. The third party functional component, for instance, can be made available for sharing by at least one of a disparate mobile device or a stand alone functional component. Moreover, a host component can allow a disparate mobile device to use an available one or more of the plurality of functional components of the mobile device.