While a smart TV from Apple (NASDAQ:AAPL) is probably one of the most anticipated new gadgets of all time, much of the functionality that you'd expect it to include are covered by the new Microsoft (NASDAQ:MSFT) Xbox One that was recently released. A careful review of the most likely features of the new Apple device -- hoped for, but not promised, this fall -- covers the bulk of those currently available from Microsoft. Even beyond function, the Xbox One has several intangibles that give it an edge.

In the video below, Fool.com contributor Doug Ehrman discusses what some of these features are, and why Microsoft's new system should leave Cupertino worried that it has been left behind.

Fool contributor Doug Ehrman has no position in any stocks mentioned. The Motley Fool recommends Apple. The Motley Fool owns shares of Apple and Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.