Apple TV was launched in Jan 2007. It is a digital media player and HDMI compliant set top device that needs to be connected to TV to work. Apple TV also gives access to Apple's iTunes content as well as some third party content.
However, with increasing competition in the space, Apple TV has started to lose ground to Roku and Amazon. Per a Verge report, citing a survey by Parks Associates, while Roku's market share, in the first quarter of 2017, jumped from 33% to 37%, Apple's share has shrunk to 15% from 19% reported last year.
From the article "Apple (AAPL) and Hollywood Clash Over Pricing of 4K Content."
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