As for 60W equivalent LED bulbs, prices dropped 6% in April and was the region where prices fell the most. A lot of LED bulbs ASP decreased, with only a small portion of LED bulb prices plummeting.
Prices in Germany also dropped 2.6%, resulting in smaller price fluctuations. LED bulb prices in U.S. also dropped 2.8%. In China, LED prices rose 1.1% as low priced products were withdrawn from the market, leading to the price uptick. Market prices in other regions remained relatively stable.
Chinese LED bulb manufacturers tend to use low-pricing strategies to acquire market share, hence it is difficult to ensure product quality. Industry developments has led to the gradual abandonment of low priced and bad quality products. Market restructures are also spurring small manufacturers to withdraw from the market, but from a long term perspective short term price declines is just the current market response to market demands. Prices have continued to decline, but the cause of declines will eventually shift from market competition to technology.