Drill bit maker Topoint Technology expects sales of its new metal cutting tool products to double in 2015, while sales of its core business products, including drill bits and OEM drilling business will grow moderately in the coming year, according to company chairman David Lin.

The precision metal cutting tools are designated for aerospace, automotive and consumer electronics applications, Lin said.

Thanks to the launch of iPhone devices, the company saw its monthly revenues continue to hit new highs during the period from April to October before a drop of 6% sequentially to NT$291 million (US$9.15 million) in November.

However, the growth for sales of drill bits and OEM drilling businesses will be lower in 2015 due to a high base recorded in 2014, Lin noted.

For the first 11 months of 2014, Topoint posted revenues of NT$2.96 billion, increasing 27.7% from a year earlier.