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The new single-core A5 processor in the new Apple TV does not have a thermal pad, suggesting it runs even cooler than its predecessor despite offering high-definition 1080p video.



From AppleInsider:
Though the previous, second-generation Apple TV featured a thermal pad with its A4 processor, the new 1080p-capable Apple TV does not have a thermal pad, marking one of the few major differences in the design of the new set-top box. The lack of a thermal pad was discovered in a teardown of the new Apple TV conducted by iFixit on Monday.

The design of the components in the new Apple TV suggests the custom single-core processor found in the set-top box puts off less heat than its predecessor. The device still has the same power supply, though, providing 3.4V at 1.57A.
  Teardown of new 1080p Apple TV finds cooler single-core A5 CPU