Yes, but the claims that Apple phones are status symbols and overpriced were just wrong. There are very clear differences in performance between an Apple phone and much cheaper phones. Compared to a falgship Smsung, not much difference, but also not much difference in price. So those claims were false.
The Beats headphones are , unequivocally, poor performers for the cash. It is easy to state this because they have only one function, to produce sound and can test that function against other headphones at their price point and cheaper. So primarily they are fashion statement. The iPhone has never been a fashion statement. And if, maybe, it once was while rare, it certainly hasn't been one for years now. It is ubiquitous in the US. You get no fashion points for using it. It does not distinguish you in any meaningful way.
But Beats just has to be popular for a few more years to make back this investment. And it might even get more popular. Now it is associated with the richest hip hop dude of all time. Doesn't that make Beats even cooler? Maybe it does.