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Strategies Unlimited lowers 2011 HB-LED revenue growth forecast to 9.8%

Revenues for high-brightness light emitting diodes (HB-LEDs) grew 108% to $11.2bn in 2010, driven by applications in TV backlight units, according to the ‘High-Brightness LED Market Review and Forecast – 2011’ by Strategies Unlimited. Growth is quieting down though, as expanding supply and a slowdown in overall TV demand in 2011 pushed LED prices drastically lower, says the market research firm.

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