This beautiful vintage handbag by Lewis could be carried during the day or night, and will add a great vintage touch to any outfit...crushed velvet, and the main color is black, with little red stripped floral. It has an interior snap closing, and two interior pockets... there is also room along each side of the handbag, outside of the snap closure. And, yes, there is plenty of room for your Iphone! This handbag measures 10 1/2 inches across, almost 8 inches tall, and 2 1/2 inches wide at the bottom. Its lined in black satin.