I'm 100% certain that they are indeed correct this time, and that both the X3 and DX50 were in high gain during the test, one can know the gain in use by the max voltage output. X3 has low gain at 1.5v and high gain at 3v which during the test is shown at 2.74v, which means was on high gain. batteries lose some voltage while discharging, so at max charge the output would probably be at 2.9v. The DX50 is also on high gain because ibasso specifies 1.2v low gain, 1.7v medium gain, 3.1v high gain. During the test the DX50 shows a max 2.49v, so must be in high gain, and I'm sure at 100% battery charge the figure would be closer to 3v.
This means both players have 3v of voltage swing.
X3 wins big in two areas though:
- Has considerably more power output
- Retains its 3v voltage swing with headphones under 40 ohm, while the DX50 and HM-601 both quickly lose voltage with headphones below 40 ohm.
Although it still stands that the DX50 probably has a better implemented DAC, THD from DX50 at 0.003, exceptional. While X3 at 0.116 THD, quite high for an audiophile DAP.
Overall both great DAPs really, I hope the X5 improves the THD issue and also uses slightly more neutral, less forward more spacious sounding op amps but still fun to listen to, it really has a chance to be killer if Fiio has actually improved upon the X3 rather than just throwing some new DAC chip into another "simply OK" PCB design. I really like the PCB design of the DX50, seems very very clean and the test results show it.