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Second sentence:
It has a 4.4mm headphone jack to go with the more conventional 3.5mm type.
4.4mm is for balanced audio output. This audience for this device is audiophiles.
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You’d be surprised. Plenty of great in ear monitors that are sub $100 and use balanced 4.4mm jacks.
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It’s only a fancy name for speaker/headphones which make them sound more professionally, there’s a chance but no guarantee that they are tuned more neutral in sound