You are right about the first part but I think you're overestimating the number of people that see Apple products as status symbols. Maybe that was true a decade ago but I don't think it is anymore. Enough of the products have found their way to every country imaginable over time that an Apple laptop is... just another laptop.

A fun, brightly colored, relatively inexpensive, Windows-less laptop that you can use for doing your taxes while watching a movie has appeal. The performance isn't that important, so long as it is as responsive as the owner's phone.

People do see a high quality build laptop as a status symbol or a piece of luxury. Not having keyboard flex or general creaks really makes a laptop more enjoyable to use.