Roku announces the Roku LT, a $50 streamer

Half the price of the Apple TV, Roku's latest streamer offers much of the same functionality as its previous devices at a lower price point.

Roku has announced its latest streamer: the Roku LT.

Ten bucks cheaper than the Roku 2 HD, the Roku LT will sell for $50, half the price the AppleTV. The device does away with Bluetooth and SD Card support but still offers 720p video. And while its purple hue may not mesh with every home theater set up, the Roku LT is as compact as anything Roku has released.

With the addition of the LT, Roku is also adding HBO Go streaming to its products. The service will join Netflix, Hulu Plus, Amazon, Pandora and the 300 other channels Roku offers.

Roku's latest box drops this November.