It sounds like you think Apple's only value proposition is social status, as if iPhones and Macbooks are the digital equivalent of owning a Porsche or Ferrari. While Apple products do carry more cachet than most competitors, that's by no means the embodiment of Apple products. The social status of owning an Apple product is overstated, IMO. I believe that, even for the proverbial Starbucks hipster, cachet is a tertiary aspect of Apple products. Said products aren't perfect, but they're straight forward, reliable, and have clean designs. Apple was also first to market (or at least that's the perception) with many cool things like a serious mp3 player (iPod), a phone with a touchscreen that can replace a traditional computer for many (iPhone), wireless earbuds that don't suck nearly as much as the competition (AirPods), and so on; when someone buys Apple products, part of the motivation comes from the hope that they'll get first access to something cool, or own something that will work well with the next cool thing.
The reason I don't see myself owning anything but a Macbook for my personal computing is because, having owned many Windows PCs and spent decades now trying on-and-off to make Linux work for the desktop, Apple makes the best laptops I've ever owned. They're not perfect; I've run into multiple keyboard failures over the years, but that's pretty much the only serious flaw I've encountered. The macOS UI has remained incredibly consistent in contrast to pretty much every other OS, and I've seen a tremendous improvement with Apple Silicon being added to Macbooks. Repairs and replacements are less expensive for me now because the last few generations of Macbook Air satisfy all my needs, whereas I used to need a Macbook Pro.
I'd be bullish on Apple not because of social status, but because they're a well run company that provides clear value to its customers. Many of us may disagree with the choices they make, but Apple makes most of those choices very rationally. Social status is worthless the minute people no longer care see Apple as providing them that status. Hardware and software ecosystems, on the other hand, don't become worthless overnight unless you're in the pager business.