[encom]

Paying 2000 USD for a phone absolutely is a status symbol. And nobody actually says a status symbol is one - like nobody says look at my Rolex watch, I paid 50000 USD for it. Nobody needs a 2000 USD phone and nobody needs a 50000 USD watch.

[Johnny555]

The problem with buying a $2000 iPhone as a status symbol is that no one knows whether you bought the $1100 256GB model or the $2000 1TB model unless you tell them.

But someone that cares about watches knows whether you paid $5000 or $50000 for your Rolex just by looking.