Apple reveals new cloud-centric Apple TV for $99

By AppleInsider Staff

Apple Chief Executive Steve Jobs showed off "one more hobby" Wednesday, with a newly redesigned Apple TV that costs less than half of the price of its predecessor -- $99.

The new Apple TV has a built-in power supply, HDMI, optical audio, Ethernet, and Wi-Fi, all packed into a device that is a quarter of the size of the previous generation hardware.

"It's a fourth the size," Jobs said. "You can hold it in the palm of your hand."

Features

The CEO said that the new Apple TV does away with concerns of storage, as it is based on a rental model rather than purchasing. Users can rent first-run HDTV movies for $4.99, while single episodes of TV shows in HD will be available for 99 cents from Fox and ABC.

"We think the rest of the studios will see the light and get on board pretty fast," Jobs said.

Users can also stream content from an iOS device running version 4.2 or later. Jobs demonstrated streaming the movie "Up," instantly from an iPad over Wi-Fi.

The new Apple TV also offers access to Netflix streaming, YouTube videos, and photos from Flickr. Content can also be streamed from a Mac or PC, and from a MobileMe account. The new Apple TV will ship later this month.

Other features, according to Apple, include:

"The new Apple TV, paired with the largest selection of online HD movie and TV show rentals, lets users watch Hollywood content on their HD TV whenever they want," Jobs said in a press release. "This tiny, silent box costing just $99 lets users watch thousands of HD movies and TV shows, and makes all of their music, photos and videos effortlessly available on their home entertainment system."

Technical Specifications

Size and weight:

In the box:

Environmental Status Report:

Processor: Apple A4 chip

System requirements:

Ports and interfaces:

Environmental requirements:

Power: Built-in 6-watt universal power supply

Wireless: 802.11n Wi-Fi (a/b/g compatible), 2.4GHz and 5GHz