A status symbol has been defined as the possession of money, material or position that one perceives to be making him different from others and which he thinks would be admired by others. So, it is basically a perception entertained by an individual about his own self and has actually got nothing to do with what others think about the same.
I am reminded of a scene in a Malayalam movie wherein one of the heroines, who is not so good at English, invites her friend to a function at their house and says that it would be a grand function and the entire expense is expected to be in lakhs. The friend responds in English and asks her at what time they should be coming and some other details. The heroine does not understand clearly and manages the show with a clumsy smile and some gestures. In this case, while one considers her money as the status symbol, the other one is proud of her proficiency in the language.
What I mean to say is that owning a costly or advanced gadget (or anything for that matter) may be considered to be a status symbol by the person owning it and he may flaunt it or otherwise as per his culture and maturity but to expect that others would be admiring him for possessing the same would be asking for too much. People may ask him about the new gadget and its functions, cost etc to please him or to butter his pride and some may even feel bad that he is not able to possess one of that kind but the feelings entertained by each are different and it would be the person owning it only who would be considering it as a status symbol.
'Real knowledge is to know the extent of one's ignorance' - Confucious.