JGRE
macrumors 65816
Did not say "I see no value". I said I do not understand the insistence on 4K. Again so few people HAVE 4K TVs. Sure, you can film 4K video with new iPhones but unless you have a 4K TV, there will not be much benefit. In three years when they update AppleTV again, 4K will be the standard and worth including. Until then, it was probably viewed by Apple as an extra cost simply not worth adding for most people.
Guess you could compare 4k on the ATV with NFC on the iPhone, Apple only included it one's they has proper use (Apple pay) for it.