In explaining its decision, Time highlighted the gadget's simplicity and focus and said that "Lots of companies have built devices to do this; Chromecast is the first one that gets it right."
Apple failed to take the top spot in the publication's annual list for the first time since 2010. However, the iPad Air and iPad Mini made it to second place, with Time describing them as the "best tablet you can buy, in two convenient sizes."
And with the iPhone 5S grabbing fifth place, Apple is the only company with two products in the top 10. Nokia's Lumia 1020 handset, with its extraordinary 41-megapixel camera, is the only other smartphone in the list (at number 10).
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