The retail price of LED bulbs will fall to $1/watt by year's end thanks to price pressure from...

|By:, SA News Editor

The retail price of LED bulbs will fall to $1/watt by year's end thanks to price pressure from Chinese firms, predicts the CEO of LED packaging firm Edison Opto. Currently, 12W (60W incandescent equivalent) LED bulbs typically carry a U.S. retail price of more than $2/watt. Such a rapid price decline would cause more near-term pain for CREE, LEDS, and other industry players, but would also boost LED adoption in the business and outdoor lighting markets.