Have LED Bulbs Reached Their Final (and Cheapest) Form?

Electronupdate has done a lot of LED light bulb teardowns over the years, witnessing a drive towards ever-cheaper and ever-simpler implementations, and suspects that LED light bulb design has finally reached its ultimate goal. This teardown of a recent dollar store example shows that cost-cutting has managed to shave even more off what was already looking like a market saturated with bottom-dollar design. The electrical components inside this glowing model of cost-cutting consists of one PCB (previously-seen dollar store LED bulb examples had two), eleven LEDs, one bridge rectifier, two resistors, and a controller IC. A wirewound resistor apparently also serves as a fuse, just in case.