The I-phones are too expensive, that is the wall Apple is running into. One poster pointed out that the liquid metal case would cost nearly twice as much as the aluminum case. If that is correct, it seems like it would add to the problem. In any event, nobody seems to be claiming that LQMT is on course to make money on the I-phone sales.
DT: Good points, I am just not as confident in the probability that Apple will ever use it, but they have managed to keep it out of competitors' hands for what is chump change (they have over 100B in cash as I understand it). In any event, Apple does not need LQMT but LQMT does need Apple if only to validate the product if only for other industries, as you say.