LEDinside, a division of TrendForce, reports that the global average sales price (ASP) of 40-watt  equivalent LED light bulb stood at US$9.6 in May, translating to a monthly drop of 1.6%. The global ASP of 60-watt equivalent LED light bulbs in same month also fell 1.4% compared with April to US$12.9.   LEDinside analyst Allen Yu said the LED industry was showing signs of rebound in the second quarter. In the chip market, the downtrend came to an end and some product prices even went up. The prices of LED light bulbs also slowed down their decline.

The global average sales price (ASP) of 40W-equivalent (equiv.) LED light bulbs fell 5.9% in April compared with the prior month, arriving at US$9.7, while the ASP of 60W-equiv. LED light bulbs fell 7.2% to US$13.1. LED light bulb prices in China have been on a downtrend because of sales activities related to the Chinese Labor Day holiday period, said Allen Yu, analyst for LEDinside, a division of TrendForce. ASPs of LED light bulbs in other Asian regional markets have also dropped due to promotional pricing of some newly arrived products. Prices have also kept falling in Europe and the U.S.

Taiwanese LED manufacturer Unity Opto has seen its revenue in May 2015 slide 30%, due to Dutch lighting conglomerate Philips aggressive pricing strategies.

Previously, LEDinside reported Taiwan Lighting Fixture Export Association had been striving to include LED lighting products as tariff exempt items at World Trade Organization (WTO) Environmental Goods Agreement (EGA) negotiations.

Epistar Chairman B.J. Lee upheld a positive outlook for the LED industry in 2Q15, following surging orders in May, reported UDN.