Recently, lead halide perovskite quantum dots (QDs) have attracted much attention because of their excellent properties of high color purity, tunable emission wavelength covering the whole visible region, and ultrahigh photoluminescence (PL) quantum yield. They are expected to be promising candidates for the next-generation cost-effective lighting and display sources. Here, we introduced the recent development in the direct solutionprocessed synthesis and ion exchange-based reactions, leading to organic/ inorganic hybrid halide perovskites (CH 3 NH 3 PbX 3 ; X = Cl, Br, I) and all-inorganic lead halide perovskites (CsPbX 3 ; X = Cl, Br, I), and studied their optical properties related to exciton-related emission and quantum confinement effect. Finally, we reviewed the recent progresses on the perovskite light-emitting diodes (LEDs) based on CH 3 NH 3 PbX 3 and CsPbX 3 quantum dots and provided a critical outlook into the existing and future challenges.