KEY POINTS
  • Amazon announced two new Fire TV products during its big online hardware event on Thursday.
  • Amazon's Fire TV products compete directly with Roku and Apple TV, offering people access to popular apps such as Disney+, Netflix, Hulu and more. 
  • The new Fire TV Stick and Fire TV Stick Lite will be the first of Amazon's streaming gadgets to offer a totally redesigned home screen experience, which includes support for user profiles and more.

Amazon announced two new Fire TV products during its big online hardware event on Thursday. Amazon's Fire TV gadgets compete directly with Roku and Apple TV, offering people access to popular apps such as Disney+, Netflix, Hulu and more. 

Amazon says people are spending more time in front of TVs than ever before due to the spread of coronavirus. It sees the TV as the center of the household and wants to get even more features in front of users to keep them coming back. The new features may help it compete more aggressively against Roku, which still has a 50% market share of global connected TV streaming hours with strong growth opportunities, according to an analyst note from Deutsche Bank in August.