Might just be a true story. The parts about a stray bullet flying at someone shooting a camera phone video at least. As others have pointed out, just because there's a hole completely through the phone doesn't mean it couldn't have saved his life still. Looking at the entrance hole compared to the exit hole, the bullet had mushroomed and possibly fragmented once out the back. This had to dump a large amount of its kinetic energy into the phone and it's super dense lithium battery instead of dissipating it into the poor guys face. Another few mm higher on the phone and the round would've missed the battery and had much more velocity coming out the back.
If I had to choose, I'd rather be hit with a slower flattened bullet than one still jacketed going at around 1000 fps any day. Just my 2 cents as a long time own gun owner.