Hi there
The SR25 can be referenced here:
https://www.astellnkern.com/eng/con...scg=CG232020&spos=2&tcg=&tpos=0&gcode=SC36040
The SR25 is a DAP - Digital Audio Player, hence why I mentioned it’s a “one stop solution” all in one. Unlike the Cobalt which is simply an external DAC, where your phone or Mac or computer is the player.
When I did the AB test, I realized that the Cobalt was much natural, with better staging and separation and detailed as compared to the SR25. It isn’t as “in your face”, forward as compared the SR25, which I felt was decent, but I preferred the overall SQ produced by the Cobalt as a whole.
The SR25 sounded a bit more musical as compared to the Cobalt, a bit tighter and condensed.
The SE200 with the AKM output was on a different league as it’s the same DAC used on the AK flagship SP2000. It was highly resolving, gave 3D imaging of the sound, exceptionally good layer separation and superb low noise. The SE200 is technically like a mini Sp2000 at 50% of the price.