Given the world's fashion industry is worth trillions, it will take a more persuasive argument than that to convince me it's not heavily influenced by people's perception of it as a status symbol.
> those customers keep buying Apple products because they have good experiences with them.
Or they've bought into the hype and that's all they experience on a regular basis anymore. My mom has driven a Mercedes for decades. My sister drove a cheaper one as her first car, and recently bought a much nicer one. Even if I wanted to spend that much money on a car, I don't like them, and have always had bad experiences with them. My mom's car was a lemon, in and out of the shop multiple times every year for the first 15 years, until it's been too unreliable to drive on a regular basis the last 5 years.
She's in a market for a new car, and both she and my sister are excited to get her a Mercedes. Their experiences should have driven then away from the brand years ago, but they haven't. Why do you suppose that is? I have my own theories.