In some circles they are. You think all the fancy RGB stuff and fancy lights to call attention to the gamers' PCs are about functionality? Or maybe are they about status?

Tools or and goods often serve as both status symbols and functionality.

Do you think fancy cars are just about transport? Or maybe they also serve as status symbols?

Do you think the special sword for the king which he uses to knight people is just a tool of war? Seems to me that its all three tbh.

All sorts of things in our lives are both functional and status symbols and/or serve a ritual purpose.

Heck there are all sorts of things that are not really functional any more but were very functional at one point and still serve as status symbols and ritual purpose, for example - the traditional gift of a fancy fountain pen to a recent law school graduate.