Philips unveils a $5 LED lightbulb for thrifty environmentalists

Compared to filament bulbs, the up-front cost of LED lighting can put off plenty of people, even if they'd save cash in the longer term. Philips, however, is doing all that it can to trim the price of its energy-saving bulbs and has managed to craft a 60W equivalent that will cost just $4.97.

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