I wonder why would we need a new Apple TV? What is something that the current one doesn't do? I always saw my Apple TV as just a content player, nothing else. It does everything an Apple TV should do, what else can they do with it?
I think Apple TV will evolve to become more than just a streaming device for a certain set of users. For some people that will be irrelevant and so yes, the current Apple TV potentially does everything they want right now, but for others the future might become quite interesting.
If rumours are true then Apple does seem to be about to step up its activities in the smart home market quite significantly with very solid rumours (pretty much confirmed at this stage) of a HomePod Mini refresh very soon and other rumours of a new HomePod with a display, security cameras, a FaceID doorbell and even that wacky rumour (wacky to me because I really don't get it) of a tabletop robotic arm maybe in 2027.
If even the first couple of rumours are true - the updates and additions to the HomePod lineup - the rumours are that the HomePod Minis at least will still use Apple Watch processors, perhaps the S11, which while powerful enough to process some Siri commands on-device is not capable of running Apple Intelligence (when that eventually turns up).
As a smart speaker user (a mixture of Amazon & Google Nest devices right now) an offering from Apple where I can transition to HomePod Minis with their already strong reputation for good sound quality for their size, a few full sized HomePods in places where I want better sound quality, and an updated Apple TV that I already intend to buy for its headline function (streaming video) that can also run Apple Intelligence locally would be a very interesting proposition to me if my HomePods could be a lot smarter than what I have right now, and without the delay and privacy loss from having to offload processing to the cloud, because they could hand off a lot of the processing to the Apple TV on my network with an AI-enabled A Series chip in it to run some fairly decent AI processing locally. Also with a decent AI engine on my network (the updated Apple TV) that might add other interesting possibilities for local video processing if Apple does introduce cameras and a doorbell into its range.
I'm only speaking personally of course and realise that my vision will be of zero interest to many people but for me at least, the possibility of Apple taking things in this direction is why I am waiting for the updated Apple TV before making my first purchase of that device.
If things do go the way that I hope they will, and if Apple does find a way through this software mess it seems to have got itself into in terms of delivering significant Siri/AI improvements fairly soon (by mid 2026), then I can see Apple getting quite a lot of money from me in late 2025 and 2026 because I would be willing to dump all my Amazon and Google devices and jump ship to an Apple TV & HomePod based smart speaker setup and probably then branch out into camera stuff which I haven't really done yet but might be tempted to start looking at if Apple offerings made it really simple to set up & was well integrated into my existing iPhone/iPad/Watch ecosystem.