Leading LED manufacturer Cree recently announced restructuring of its LED business and a new stock buyback plan. Cree said it will restructure its LED products business to reduce excess capacity and overhead, so as to improve the cost structure moving forward. Today Cree, the North Carolina-based LED manufacturer, is making a move that will have major implications for the LED lighting industry. The company, which is known for its high-quality LEDs and its lighting fixtures, has announced a line of LED bulbs If you’re considering switching from incandescent to LED light bulbs to save energy, you should consider switching to a so-called “connected” light bulb that you can control and schedule using an app on your smartphone. These bulbs are considerably Cree (NASDAQ: CREE) already passed one lighting milestone earlier this year, offering a warm white light-emitting diode (LED) bulb for less than $10. The LED company is now taking another step in low-cost, high-quality LEDs for another sector: street lighting. If the smart home is to catch on, then its constituent pieces have to start playing together nicely. Cree has been pushing the LED bulb envelope - particularly on price - for some time, and now it's the turn of the Connected LED Bulb. Not long ago I’m a big fan of Cree. I love their stuff, although it’s mostly been related to top-notch flashlights. And while I had been aware of the company’s emergence into the home-lighting market, I just recently decided to check out what they’ve got going on. .
The magical $10 price barrier for LED light bulbs was crashed last year and today one of the main crashers has just come out with a brand new edition that pushes their initial price down even lower. That would be North Carolina’s Cree, which has just LED lighting maker Cree (NASDAQ:CREE) hit the dimmer switch on its outlook, and its stock took a dive on Thursday. Cree stock was down nearly 11%, near 27, in early afternoon trading in the stock market today and touched a more than 2.5-year low. LED lighting is about to get a whole lot better. In case you haven’t heard, the clock is ticking on incandescent lighting technology. The U.S. is no longer importing or manufacturing traditional light bulbs and most stores are busy selling out remaining LED light bulbs have always been a bit like car repairs: they're either good quality or affordable, but very rarely both. And it's all very well and good that these bulbs use a fraction of the electricity as incandescents but dropping $30-$40 on a single .
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