As the future owner of a Samsung Note 9, I feel sorry for all X owners, what with:
the X's inferior display
the X's inferior screen size
the X's constant reloading of apps and web pages
the X's inferior multitasking (I said inferior multitasking instead of lack of multitasking because Apple refers to the app switcher as multitasking lol)
the X's inferior customisation
the X's inferior speed (yes you read that right)
the X's inability to be used as a productive device
the X's inferior storage options,
you really don't know how bad you've got it, you poor little darlings.
But I guess ignorance is bliss.
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The phone you carry is absolutely a status symbol and a clue to the people around you about who “you” are the same as the clothes you wear, car you drive, etc. Intentional or not people are always making immediate impressions of the people and things around them (it’s an inherited survival trait). Whether or not you care what your phone is saying about you is totally up to you and most people, to use your example, would never be vain enough to TALK about their phone as a status symbol.
Bottom line, whether you care or not, it’s a status symbol.
Oh it is not, the car you drive and the house you live in are status symbols because that's where the true points of difference lie, not a phone. You can live in a house worth $20,000,000 which has 10 bedrooms and 5 bathrooms or you can live in one worth $350,000 with 2 bedrooms and one toilet. Or anywhere in between. With phones, every man and his dog has one and the biggest variance between the most expensive and least expensive is what, $500, $600? Big deal. If you're gonna fork out money for an 8 you're gonna be forking out money anyway, the extra $300 for the X ain't gonba send you broke. I've seen people get out of very expensive cars holding a crappy Blackberry and I've seen people with the latest iphone catching a bus.
It is not a status symbol because 13 year old girls have iphones. My 9 year old son has an ipad from 2 years ago and for his 10th birthday he said he wants the 10.5 inch ipad pro.