Well, I guess depends on what you really need? For people like me I like to go for latest technology, so I'll get an iphone (which I already have ). But depends on how well you going to use it. Although I'm not so busy like have a lot of appointments to take note of, I use it to write shopping lists, reminders of my baby's check-ups, and also for games. So it's very useful for me.
I honestly dont't own an authentic designer bag yet, maybe that's why I dont't see the appeal of a Coach bag. hahaha. To me, I spend hundreds on a bag, but I only carry it around and for the brand. Not much "function".