Like with any other product, there are likely to be different segments of even "audiophile" buyers. My observations of audiophiles is that there are at least several likely "audiophile" segments that have different drivers and processes for purchasing:
In terms of reviews, well...I find reviews entertaining, but there's no substitute for listening. Plenty of "well-reviewed" gear has sounded surprisingly bad to me. Perhaps that gear was good from the perspective of "objective" audiophile metrics, but what they produced was not music.
- Specs: purchasing based on how equipment "objectively" measures.
- Visuals: purchasing based on how equipment looks. May overlap with the next segment in that impressive visuals might overlap with higher price as a means to impress others.
- Higher Price: Based on a perception that higher price = better sound "quality" or higher price = more impressive to others.
- Reviews: The latest and greatest well reviewed product is exciting to this crowd.
- Listening: Equipment either sounds good or it doesn’t.
In terms of reviews, well...I find reviews entertaining, but there's no substitute for listening. Plenty of "well-reviewed" gear has sounded surprisingly bad to me. Perhaps that gear was good from the perspective of "objective" audiophile metrics, but what they produced was not music.