It does. As Eddy said in the article "Apple TV 4K'.The hardware needs a different name.
The App & the Service can be called the same thing, but a discrete streaming box that does a ton of stuff completely unrelated to the Apple TV streaming service needs its own name.
Hopefully a coming hardware refresh will clear all this up.
It doesnt need clearing up.
"I watched show X on AppleTV' - refers to the streaming service.
'I watched a show on Netflix on my AppleTV' - the latter not being necessary but context is very clear.