Indeed. Good leather products can last for years or decades. Leather belts, wallets, shoes, bags, etc all last far longer than their fabric alternatives.
Bad quality, leather, on the other hand, disintegrates within a few months.
I was at the Apple WWDC, where they passed out those leather jackets with the big blue "X" on the back.
Mine didn't make it to the next WWDC, and I took great care of it.
I think that they may have had a couple of versions of the jacket. I saw it reappear, for quite a while, on the bodies of Apple favorites (I wasn't one), for many years.