So, I took a peak at the innards of two DACs, one of which was referred to, above. I looked into the PS Audio directstream DAC, which costs $6000, and then the Denafrips Ares ii is about $1000.00. This is where a trained eye is really needed, because I can only say the parts count and appearance look somewhat similar. This does bring to mind some questions...
The assertion that DACs are priced at what the market will bear needs further discussion. I don't think a manufacturer simply ponders what people might willing to pay for the piece, setting the price at that level. There is the question of time invested (research, parts acquisition, assembly, etc...), parts used, and equations that compare the product to other products on the market, and marketing costs. Perhaps this is what is meant, or what is hidden in the notion of "bearing."
Marketing itself can be a huge piece of the cost of an item, amounting to as much as 50% of product cost, from what I have heard. This is where word-of-mouth marketing becomes an interesting facet of the cost, perhaps revealing why so many people are responding to products from Schiit and others, who don't appear to be going to great lengths to make their products look flashy and unique, nor do they do much advertising compared to, say, Klipsch. Also, we all know that aesthetics or claiming a particular "expensive part" may be less for performance and more for enticement/marketing purposes.
The latter statement calls for scrutiny, which is to say: I'm impressed when someone can even list things like:
- amorphous core chokes,
- Mundorf 4 pole caps,
- high performance diodes
The question for me is to what extent are these necessary for high performance?
I do understand there is a role for power conditioning and power management in these devices. In my recent study of an unusual offering from an Indian company called ALLO, I noticed that their Revolution DAC, which comes in around $300, emphasized short signal path and the DAC portion of the unit was very small - very small, but a large part of the unit was reserved for power conditioning; or, at least that's what I think I saw. Maybe someone can look it up and tell me what they see, as I'm sure a more thoughtful breakdown of parts would be of great use to many fairly ordinary folk, who enjoy learning about these things.
In a hobby where (some) people seem to be forever boasting simplicity, short signal paths, and the like, I guess I'm needing a little more information about the important features of a quality DAC. I mean, I was attracted to the phrase, "amorphous core chokes" and "Mundorf 4 pole caps" and I find that there is always some kind of rhetorical element to the presentation of these devices, but what truly counts???
Maybe I need to start a new thread: what are the important features of a DAC that operates transparently, only sending on the "music" and other recorded "environmental factors" from the recorded digital signal...