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According to the price survey conducted by LEDinside, a research division of TrendForce, the LED light bulb prices for 60W incandescent light bulb replacement underwent a drastic drop of 9% in October; the price dropped by 10% in America and hit a low of US$ 24.97, with the average selling price (ASP) declining to US
Philips Lumileds: LED Innovations in Next Generation Lighting
The LED industry outlook is fast-changing, currently facing oversupply after its growth surge over the recent years.
LED-related technologies have been developing rapidly over the recent years, and the industrial chain has been focused on innovative applications. The financial crisis in 2011 not only triggered rapid changes in the global LED market but it also added factors of uncertainty for the LED industry.
According to the latest price survey conducted by LEDinside, a research division of TrendForce, the price downtrend persisted in the LED market in 3Q11. The price of LED (5630) for TV backlight dropped by 8-15%.