Ben Lovejoy, 9to5Mac:

Smart bulbs from the market leader Philips start at $25 per bulb for white and $50 for color, a price that soon adds up if you’re looking to fit out your entire home.

But all that is set to change in the summer as Ikea has announced that its smart lighting system will be HomeKit-compatible as of the summer. Ikea’s smart bulbs start at just $11.99.

And:

The existing product line is limited to white bulbs, but once you’ve bought the gateway for $79.99 (which includes two bulbs), you can add smart bulbs at prices ranging from $11.99 for a 1000-lumen E28 bulb, through $14.99 for a 400-lumen E12, $17.99 for a 980-lumen E27 to a $19.99 G10 spotlight. Dimmers and motion sensors are also available at similarly affordable pricing.

Ikea getting in the game brings down prices, legitimizes the sector, and will help popularize the concept of adding smart bulbs to your home.