man nm
I was reading some docs and happened to come across a related quote for this:
man nm
says:
"V"
  "v" The symbol is a weak object.  When a weak defined symbol is linked with a normal defined symbol, the normal defined symbol is used with no error.  When a weak undefined symbol is linked and
             the symbol is not defined, the value of the weak symbol becomes zero with no error.  On some systems, uppercase indicates that a default value has been specified.
"W"
  "w" The symbol is a weak symbol that has not been specifically tagged as a weak object symbol.  When a weak defined symbol is linked with a normal defined symbol, the normal defined symbol is
             used with no error.  When a weak undefined symbol is linked and the symbol is not defined, the value of the symbol is determined in a system-specific manner without error.  On some systems,
             uppercase indicates that a default value has been specified.
nm is part of Binutils, which GCC uses under the hood, so this should be canonical enough.
Then, example on your source file:
main.c
__attribute__((weak)) void weakf(void);
int main(int argc, char *argv[])
{
        weakf();
}
we do:
gcc -O0 -ggdb3 -std=c99 -Wall -Wextra -pedantic -o main.out main.c
nm main.out
which contains:
w weakf
and so it is a system-specific value. I can't find where the per-system behavior is defined however. I don't think you can do better than reading Binutils source here.
v would be fixed to 0, but that is used for undefined variables (which are objects): How to make weak linking work with GCC? 
Then:
gdb -batch -ex 'disassemble/rs main' main.out
gives:
Dump of assembler code for function main:
main.c:
4       {
   0x0000000000001135 <+0>:     55      push   %rbp
   0x0000000000001136 <+1>:     48 89 e5        mov    %rsp,%rbp
   0x0000000000001139 <+4>:     48 83 ec 10     sub    $0x10,%rsp
   0x000000000000113d <+8>:     89 7d fc        mov    %edi,-0x4(%rbp)
   0x0000000000001140 <+11>:    48 89 75 f0     mov    %rsi,-0x10(%rbp)
5               weakf();
   0x0000000000001144 <+15>:    e8 e7 fe ff ff  callq  0x1030 <weakf@plt>
   0x0000000000001149 <+20>:    b8 00 00 00 00  mov    $0x0,%eax
6       }
   0x000000000000114e <+25>:    c9      leaveq 
   0x000000000000114f <+26>:    c3      retq   
End of assembler dump.
which means it gets resolved at the PLT.
Then since I don't fully understand PLT, I experimentally verify that it resolves to address 0 and segfaults:
gdb -nh -ex run -ex bt main.out
I'm supposing the same happens on ARM, it must just set it to 0 as well.