According to LEDinside’s “Silver Member Report,” in 1Q13 LED price for monitor backlight application fell by approximately 4%-8%, whereas LED price for TV application dropped by 3%-9%. Affected by the price cut by Korean manufacturers, average price of high power LED for lighting applications fell by 6%-9% this quarter. With the price drop continuing, the total number of LED backlights applied to middle and large sized panels is expected to peak. LED backlight application has grown from 2012’s 70% to 92% in monitors, and from 70% to 90% in TVs.