Today we’re diving into the Shanling M5 Ultra, a contender that could shake up the mid-fi DAP market. It’ll set you back $589, but some online shops already have it for $559, so you might snag a discount right now. The M5 Ultra has much to love, but some things hold it back. As always, we’ll throw in a head-to-head with the FiiO M23 and HiBy R6 PRO II for good measure. Let’s break it all down!
