FiiO M23 Analysis: Engineering Silence in a Digital World
Update on Feb. 11, 2026, 11:42 a.m.
In the early 2000s, the world collectively decided that convenience was worth the cost of fidelity. We compressed complex waveforms into manageable MP3 files, shaving off the “inaudible” frequencies to fit entire libraries into our pockets. But sound is not just data; it is physics. When you discard the harmonics that live at the edge of human perception, you alter the transient response of a snare drum and the decay of a piano string. The FiiO M23 represents a counter-movement in this narrative, leveraging advanced semiconductor architectures not merely to play files, but to reconstruct the original acoustic event with mathematical precision.
The Physics of Digital-Analog Separation
At the heart of any digital audio system lies the Digital-to-Analog Converter (DAC). Traditionally, this component handles two distinct tasks within a single silicon die: digital filtering (oversampling and modulation) and analog conversion (turning bits into voltage). However, this proximity creates a fundamental engineering challenge known as substrate noise coupling. High-frequency switching noise from the digital logic can bleed into the sensitive analog output, raising the noise floor and obscuring micro-details.
The FiiO M23 addresses this through a novel architectural split using Asahi Kasei Microdevices’ (AKM) “VELVET SOUND” Verita chipset. Instead of a single chip, the workload is physically divided between two separate components: the AK4191EQ and the AK4499EX.

The AK4191EQ acts as a dedicated delta-sigma modulator. It performs the intensive digital heavy lifting—oversampling the PCM signal and converting it into a multi-bit delta-sigma stream. By isolating this high-frequency digital processing in its own package, the system effectively quarantines the generated electrical noise. The “clean” data is then passed to the AK4499EX, which is strictly responsible for the analog conversion. This physical separation mimics the design philosophy of high-end desktop dCS or MSB systems, allowing for a signal-to-noise ratio (SNR) that exceeds 124dB. In practical terms, this creates a “blacker” background, where the silence between notes is as profound as the notes themselves.
Feed-Forward Error Correction: The THX AAA Principle
Amplification is often misunderstood as simply “making things louder.” In reality, an amplifier’s job is to multiply the input voltage while strictly maintaining the waveform’s shape. Traditional Class AB amplifiers rely on negative feedback loops to correct errors. They compare the output to the input and send a correction signal back to the beginning. While effective, this process introduces a tiny time delay, leading to transient intermodulation distortion (TIM)—a subtle blurring of fast-moving sounds like cymbal crashes.
The M23 utilizes the THX AAA-78+ architecture, which operates on a different principle: feed-forward error correction. Unlike the reactive nature of feedback, feed-forward topology uses a secondary low-power, ultra-clean amplifier to constantly monitor the main amplifier’s output. It predicts the distortion that will occur and generates an identical but inverted error signal to cancel it out in real-time.
This mechanism is particularly effective at eliminating crossover distortion—the glitch that occurs when the signal passes from the positive to the negative transistor bank. The result is an amplifier that maintains vanishingly low harmonic distortion levels even at high power outputs. For the listener, this translates to “achromatic” audio; the amplifier adds no warmth, no brightness, and no color of its own. It simply reveals the source material with clinical transparency.

Voltage Swing and the Desktop Mode Paradigm
Portable audio has always been constrained by the limitations of lithium-ion chemistry. A standard 3.7V battery dictates the maximum voltage rail available to the amplifier, which in turn limits the dynamic range and the ability to drive high-impedance headphones. To circumvent this, the FiiO M23 introduces a dedicated Desktop Mode.
When the dedicated Type-C power port is engaged, the device physically disconnects the battery from the power path using an internal relay. The unit then runs directly off the external DC power source. This is not merely about saving battery cycle counts; it is a fundamental shift in power supply topology. By bypassing the battery’s internal resistance and discharge curve, the M23 can unlock a “Super High Gain” mode, delivering up to 1000mW per channel at 32Ω.
From an electrical engineering standpoint, this increased power headroom allows for greater voltage swing. High-impedance headphones (e.g., 300Ω or 600Ω) require significant voltage to move their voice coils. Without sufficient voltage swing, the amplifier “clips” the waveform peaks during dynamic passages, resulting in flat, lifeless compression. The M23’s ability to switch power rails effectively transforms it from a constrained portable device into a miniature desktop workstation, capable of preserving the dynamic crest factor of orchestral recordings.
Bypassing the Ghost in the Machine
Hardware excellence can be rendered irrelevant by software bottlenecks. The Android operating system, designed primarily for telephony and general media, contains a mandatory audio path known as the Sample Rate Converter (SRC). To ensure system-wide compatibility, standard Android forces all audio streams—whether 44.1kHz CD quality or 192kHz hi-res—to a fixed sample rate (often 48kHz).
This non-integer resampling (e.g., converting 44.1kHz to 48kHz) is mathematically “messy,” introducing quantization noise and artifacts that degrade signal integrity before it even reaches the DAC. The engineers at FiiO implemented a global bypass of this system at the kernel level. This Direct Audio Architecture (DAA) creates a protected pipeline, ensuring that the audio data sent from apps like Tidal, Apple Music, or local players is bit-perfect. The data stream arriving at the AK4191EQ is mathematically identical to the source file, fulfilling the promise of “lossless” audio.

Conclusion: A Tool for Intentionality
The convergence of separated DAC architecture, feed-forward amplification, and direct power topologies serves a singular purpose: the removal of the device itself from the listening equation. The FiiO M23 does not seek to “enhance” music; it seeks to get out of its way. In an era defined by algorithmic curation and compressed streams, devices like this offer a necessary return to first principles. They remind us that while the medium may be digital, the experience of hearing is, and always will be, fundamentally analog.