I wrote it in another thread, but I'll write it here as well :
Hi
@FiiO ,
make some high-end dap with noise floor lower than 3uV on balanced output, please.
I think that a lot of yours customers are listening their high-sensitivity iem's on low volume, especially when they are going to sleep.
Otherwise we must use some other adapters (like iFi iEmatch) which can change the original sound of iem.
or
maybe good idea will be high-end dap with only two balanced outputs (no 3,5mm single-ended at all):
one 2,5mm balanced output with Noise floor <3uV , Output power approximately ≥200mW (16Ω / THD+N<1%) - for sensitive IEM's
and other 4,4mm balanced output with higher Noise floor, Output power approximately ≥500mW (16Ω / THD+N<1%) - for full-size headphones
Cheers.