Its the old version, that can only be updated through PC.
It seems some old stock is going around, or maybe factory refurbished units(im sure well never get a confirmation on that), as i got mine couple months ago and it also was the old version. There isnt any other disclosed difference than the updating procedure, but there might be. Mine is much less consistent and stable compared to Hiby W3 and Fiio BTR3K, like reconnecting to second source. But if you dont fiddle with it much and have it connected to one source, it works great. So maybe new one is improved on that field too? Well never know, unless someone has them both and can compare.
If we assume that its new old stock, another negative that im pretty certain is connected with the age of the old version and the fact that they come almost fully charged out of the box(meaning battery has been kept at high charge for maybe a year?), battery will have reduced capacity. Mine measured with an expensive USB meter takes in 360mah, while it should be 400mah and usually is bit more than declared on new devices. As a comparison on 9 month old Hiby W3 with declared 320mah i get 315mah in, and on a new BTR3K with declared 330mah i get 340mah in. So for me its around 10-15% less runtime than it should have out of the box, it would be great if you can measure too, im really curious.
But it sounds great and i like it best out of the 3 i own, so i assume i decided i can live with that, didnt want to go through the hassle of returning it either way.
Btw where did you get it from, so we know not to order from that store? Mine was from
@shenzhenaudio , and even with a confirmation from the support agent that they have the newest one, i still got the old one.