The first thing a microphone will be connected to is a filter and then an amplifier. The filter is mostly to get rid of things outside of hearing range. Next it goes to the amplifier. The amplifier will have a built in common-mode rejection. This means that a signal on the input that is matching another signal will get snubbed out, while signals unique to the input will be amplified. Typically the common-mode rejection ratio is around 100 dB, so the sound of the speaker on your phone ends up being about 1/1000 as loud as your voice.
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