LEDinside, a division of TrendForce, reports that the global average sales price (ASP) of 40-watt equivalent LED replacement light bulbs came to US$6.8 this February, down 0.6% from the prior month. As for 60-watt equivalent counterparts, their global ASP in the same month stood at US$8.2, dropping 2.1% from January.

Recently, at an event in Hangzhou, China, Philips announced its future LED tube prices in China will match Chinese rivals Foshan Lighting products or might even be priced lower than MLS, reported Chinese-media Dazhaoming.