What does the cost of manufacturing have to do with an item's utility? You can get a cheap knockoff TV that looks the same as the expensive brand too... It will look the same from a distance, anyway. Just like a cheap knockoff purse.
We're not talking about worth. The exact words were, "more functional". A purse is obviously more functional than a TV.
It could be argued that killing time is a function.
I won't bother arguing the value of a TV. I think there are many that can argue the value of a designer purse.