Apple Inc has reported a 5% increase in iPhone sales to over 78 million units in the fiscal 2017 first quarter ended December 31, 2016. The company posted all-time record revenue of $78.4 billion for the quarter. These results compare to revenue of $75.9 billion in the comparable quarter in the previous financial year. The rise was attributed to stronger than expected demand for the iPhone 7 and sales of the smartphone now account for more than two-thirds of Apple revenue.
Apple is one of the biggest users of MIM parts, with applications including the lightning connector, of which over 1 billion have already been produced. Experts have suggested that this is the highest volume Metal Injection Moulding production part in history.