So how much money do you have to throw at Apple to play this thing? Will a Mac Pro do it? Is there something in the 2016 release pipeline that will do it? Will it play better in Windows 10 Boot Camp than in OS X on the same hardware?
I understand at $219 Android box can play HEVC 4K content --
http://www.kdlinks.com/index.php/ho...bmc-kodi-support-h-265-hardware-decoding.html
H265 (HEVC) is a brand-new computationally-intensive video codec. It generally requires some kind of hardware acceleration to decode smoothly. Intel's Quick Sync on Skylake and later CPUs have this feature, as do a few high-end nVidia and AMD GPUs. Those APIs are called NVENC and VCE. Even if the hardware is present, the software (video player, video editor, etc) must write to those APIs to use them. E.g, FCPX uses Quick Sync for H264 encoding but Premiere CC (as of now) does not. FCPX does not yet use Quick Sync for H265. Premiere does use NVENC if you have those few GPU cards which support that.
There are numerous issues with H265 regarding intellectual property and licensing which will likely slow the deployment. It is possible that these will take several years to resolve, by which time hardware encode/decode support will be more widespread. If there are too many problems with H265, the competing royalty-free VP9 codec (backed by Google) could instead dominate.
I have done a few tests of H265 playback on my 2015 top-spec iMac 27 and it can be very sluggish. OTOH Premiere CC seems to handle it fairly well -- actually better than H264 -- which implies they have an optimized code path for that or are somehow using the Skylake hardware encoder.
The Android KDLinks A300 box is a set-top-box designed for video playback. It is a low-cost item with limited functionality which emphasizes quick "time to market". Some of the newer ARM CPUs or SoCs have H265/HEVC built in and are embedded in some new smart TVs. On AVSForum you can see some people trying to use the A300 box for 4k playback -- some have success; some do not. So there is a difference between what is advertised vs how well it works.
If you have a Mac with a Skylake CPU (in general 2015 or later) its CPU can probably handle H265/HEVC decoding -- from a hardware standpoint. Whether the software does is up to the software vendor. If you are playing back via VLC that is an issue for VLC to answer, not Apple. I haven't tested whether QuickTime Player has H265/HEVC support but I would tend to doubt it since the codec is so new.