The A15 Bionic at $129, fanless and 50% smaller, with HDR10+ and a Thread border router on the Ethernet model.
Released November 4, 2022 · From $129 (64 GB)

Apple cut the price to $129 and put the A15 Bionic in it, which is more processing power than the box plausibly needs and makes the interface genuinely instant. The fan is gone, the case is 50 percent smaller, and the Ethernet model doubles as a Thread border router for HomeKit. HDR10+ support arrived, so it now handles every HDR format that matters. The Siri Remote finally has USB-C. It is the best streaming box anyone sells and it costs three or four times what a Roku or a Fire Stick does, which is roughly the argument for and against it in a single sentence.
The $50 price cut did more for the reception than the A15 did. Reviewers reported the extra speed was hard to notice coming from the previous model, and recommended it anyway on price and completeness.