The l atest repor t by LEDinside, a division of TrendForce, revealed that the global average price of 40W-equivalent (equiv.) LED light bulbs arrived at US$10.6 in December 2015, down 1.6% from November. The global average price of 60W-equiv. LED bulbs for the same month also dropped 0.7% to US$14.5. In the U.S. and Europe, prices of some products were still in decline in December on account of year-end sales, according to LEDinside analyst Allen Yu. Promotional activities were not as significant in Asia through December, so prices remained stable in most of the countries in this region. The only exception during the same month was China, where lighting vendors tried to boost their sales by maintaining low prices for some products after the Singles' Day event in November.