I would have agreed with you a year or so back. I have Chord Mojo which is a great DAC, recognised as being one of the best in class and then some. Honestly I am preferring the M11 at the moment. It's got the edge in terms of separation of instruments, imho. I have also the V30 which is a great phone in it's own right with the Sabre "quad" dac built in. But the M11 is just better. Sorry for off topic, Ill not post further about the M11.