Prices of LED Light Bulbs Bounced Back Slightly in October as Aggressive Pricing Was Put On Hold in the U.S. and Europe

According to the latest report by LEDinside, a division of TrendForce, the global average price of 40W LED replacement light bulbs rose 2.8% monthly to US$11.1 in October, while the 60W replacement bulbs rose 3.5% to US$15. LEDinside analyst Allen Yu said that vendors in the U.S. and Europe have called a truce in their price war after three consecutive quarters of downtrend. Prices of some promoted products thus saw noticeable rebound in the first half of October. LEDinside also reports that the Chinese LED package market saw prices falling in same month despite a demand upturn in the TV backlight application.