The expected reveal of the new Apple TV is coming soon, and a clearer picture is forming as to the hardware expected in the little box. In addition to the expected A8 system-on-a-chip and faster Wi-Fi, the new Apple TV will reportedly come in a 16GB variant. This would make sense, as the new model is also said to come with an App Store.
While 16GB might seem a little small, Apple is apparently unconcerned, as most content will stream to the box from the Internet, according to 9to5Mac:
While the new Apple TV will include an App Store for deep support for gaming, sources say that the limited storage offered by 8GB and 16GB flash memory is appropriate for the new model, as all content outside of applications will be streamed directly from the Internet.
The new Apple TV will also reportedly not include 4K support in this iteration. Given the current dearth of 4K content that's available, it's likely that Apple wouldn't want to devote resources to something that only a very small fraction of users would even be able to experience.
The new Apple TV is expected to be unveiled next week at Apple's September 9 event. The first major update to the set-top box in five years, the new Apple TV is expected to feature an Apple A8 system-on-a-chip, a brand new remote with motion control, a touchpad, and Siri support, as well as universal search. Recent reports put the starting price of the Apple TV at $149.