This paper investigates the equivalent circuit analysis method for the multi-functional device in mobile telephones, which works both as a buzzer and a vibrator in a single unit form. With a representative multi-functional device, we construct the corresponding equivalent circuits for the buzzer mode and the vibrator mode of the device, respectively, and analyze the performance of each of the modes. For proper construction of the circuit, we analyze the structure and operation mechanism of the device, and develop a computer simulation tool to simulate the behavior of the device. Validity of the analysis method is verified through comparison of the analysis results with experimental measurement results, which shows good agreement between the two sets of data.