Is Amazon’s fireTV a threat to Chromecast?

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Amazon announced today their own media streaming device called the fireTV. This is a much anticipated device which Amazon has been working on for quite some time. It has extremely impressive hardware specs with quad core processor, 2gb memory which is better than any other streaming device available in the market today. It also has a remote control which has capability to recognize voice and you can speak what you want to watch.

The biggest advantage over Chromecast is the large Amazon Instant video offering which includes free Amazon Prime videos. A lot of people who own the Chromecast have been searching for ways to watch Amazon videos using the Chromecast with mixed reviews.

Will you jump ship and purchase the fireTV?