So this is lossless HIFI because it plays FLAC, etc. songs files, but it has no DAC or anything else. So basically using this criteria, EVERY laptop, phone, and non-iPod mp3 player is a HIFI Lossless music player. But really, this is just a frugal MP3 player. I'd probably recommend buying the LG V20 with USB audio pro instead of this if you're really looking for good music quality at its lowest price.
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Thank you!