Back in 2013, $10 was a sweet deal for a 40-watt equivalent (6-watt) warm-white light-emitting diode (LED) bulb.
Now, consumers can scoop up three LED bulbs for that price with a new offering from GE.
GE unveiled its Bright Stik LED last week, a 60-watt-equivalent bulb that is designed to woo consumers away from compact fluorescents, a technology many users were never thrilled with in the first place.
The time is now to capture the market. GE estimates that LEDs will grow in the residential lighting market from 10 percent today to more than 50 percent by 2020. Five years ago, a 60-watt-equivalent LED was about $45.
Read the full story. (Greentech Media)
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