With the demand from the backlight market nearing saturation and the general lighting market yet to take off, growth in demand has been slow, resulting in a huge demand-supply gap that has put pressure on the average LED selling price.

FORBES: Cree's Earnings: Looking For Signs Of A Sustained Recovery

Healthcare sales fell at an underlying rate of 1% from a year earlier, while overall lighting sales were flat due to weak demand from the construction sector.

BBC: Philips sees booming LED lighting sales

We continue to see pricing pressure due to the weak demand in the China outdoor street lighting market, together with the overcapacity of backlight that has spilled over to the general lighting market.

FORBES: SemiLEDS Weak Results Confirm Trouble In LED Sector

They'll be the ones smiling on demand and putting up with your incessant fawning over the colors and lighting of seemingly mundane objects.

FORBES: Holiday Smackdown: Digital Cameras Or Frame

The company said global demand for flat-panel TVs and digital devices had weakened, though sales of LED lighting and in-car equipment had grown.

BBC: Panasonic and Sharp stick to glum forecasts