Make four copies of this new layer and choose the Free Transform option to place the copies as in the next image.



Now we have to represent the flex of the era-phones with the Pen Tool (P) and the color #1A618B



The layer’s parameters: Blending Options>Inner Shadow

 



Using the same instrument, make the second flex of the same color the first is, having the same parameters.



(place its layer lower that other layer, as the picture shows it). Now it’s time to create the shadow of the ear-phones, selecting the Ellipse Tool (U) and placing the layer lower that other layers.



The layer’s parameters: Fill 0%
Blending Options>Gradient Overlay



Gradient’s parameters:

 



Make a copy of the recently made layer and choose the Free Transform option to make the copy smaller and place it the way it is shown below.



Don’t forget to place correctly the layers. The last stage includes creating the shadow under the flex of the era-phones, using the Pen Tool (P) and the color #850B00

 



The final result!

View full size here.