I will never understand how status symbols work. Maybe somewhere in a slum in Africa it is special to have an iPhone, but in western countries there are hardly any people who could not afford an iPhone if they wanted. So if somebody thinks that an iPhone is something worth bragging about, he must be quite poor. He probably sold his car to buy an iPhone and now everybody should know that he owns one.
People would be surprised if they would learn how many people earn so much money that they could buy a new iPhone every day. But those people usually do not brag about their income.