Apple AirPlay supports 24-bit lossless audio but you can't use it
If AirPlay is limited to 16-bit CD-quality streams, how is the HomePod able to use AirPlay at a better-than-CD 24-bits?
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Feel like people need to read this about loseless : r/AppleMusic
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Apple's New $19 USB-C EarPods have Lossless Audio: How it works, Microphone quality and some other unanswered questions answered!, by Aditya Darekar, Technology Hits