I don't know where you live but in France (and I don't think we are very weird as consumers, the main difference is almost everyone here buy outright the whole price day one but on the other hands carrier contract are way cheaper in France and top quality) Pro iPhone is clearly not a status symbol. It tends to target differents type of person like :
- Tech or Photo enthusiasts (logic)
- Wealthy people who like at least a bit tech (logic)
- Influencers on Instragram, YT, TitTok etc
- the sad one : poor people from low/middle class who spent all their precious money and use credit to finance it to show off. More often people <25 years or black girls (no rasicm here to clarify, they just love Pro iPhone here haha ! I just saw it in Paris daily, I have no idea why tbh). Only on this case is it can be sort of a "status symbol" but within low/middle class so it's pure illusion IMO. They tend to don't care at all about tech, just care about apperance. (I am clearly not this type of person and I simply don't understand this but anyway, everyone is different

)