Yeah, but the value is a fraction of a working machine. Base M1 Macbook Airs are selling for 800€, I doubt you'd get half of that for the parts in an activation locked Macbook. And it would take 10 times as long to sell it, because the market for parts is tiny compared to the market for working Macs.
If there was a big market for used parts, then the M1 MacBooks would not be getting scrapped as the video implies.