I've never understood the view of iPhones or Apple products as status symbols.
Now, I'm not a hater of Apple's products; hate their business practices as much as you want, their products are pretty solid, especially in terms of software tinkering (most other companies tend to just brute force power by upgrading hardware).
However, here's the thing:
1) Apple products look like toys. Yes, minimalism and all that jazz, but they look like childrens toys to me.
2) Build quality: pretty standard, comparable to 99% of other products I have ever personally handled. In fact, after using all of my friends Macbook Airs, their build quality feels horrible. Everyone I know has broken or scratched their iPhone screen at least once
3) Hardware: Standard, and even occasionally sub-par
4) Price: Not necessarily the most expensive in terms of absolute price (there are far more expensive products out there), but definitely overpriced in terms of software capability and hardware. Call me crazy, but I don't want to pay a lot of money for a Unix system less functional than debian, fedora, mint, et al.
5) Premium feel: Its metal, but so are many other phones and devices. In fact, my sister "upgraded" from iPhones to the Samsung Notes when the first one came out and hasn't looked back since, and people seem much more impressed with my Note 3 than they do with another iPhone iteration. I can safely say that my Note 3 feels more premium than any iPhone I have held in my hand, and that's even though its plastic and has a rubber-like back. They iPhone, however, is assisted by the standardization of its design; its form remains the same through generations, and it is much more tightly controlledthan other phones, leading to a stronger brand image and recognizability.
The only thing I can think of is that it is an American company that used to have an obsessive and passionate hipster CEO, and some celebrities use it. Which, I suppose, is the main factor.