Its how you put all the parts together in the design that results in "sound quality".
Some parts are better than others though and operate within a smaller tolerance range ie more accurately to spec as a group overall.
So a good designer these days has access to better parts (perhaps for lower cost than in the past) and if he does his thing well, voila, the result can be better sound/performance.
OR many may take it upon themsolves to replace parts with better parts which if done properly should produce better results to some degree overall. If you replace a part with a better quality one but it is not the right kind to start with, well anything can happen.
Experts in all fields tend to become better over time so no doubt in my mind there is more expertise in designing good gear out there today than ever before. That's called progress and is probably the biggest difference. Today's experts have the expertise of all those in the past to draw upon. They may still innovate but there is a better body of knowledge available for them to start with so the good ones will likely produce even better products. That's progress.....