It's literally the Khadas DAC with an added case, and a completely normal case at that. There is NO reasonable justification for that price. Khadas is already making money selling their own board for $99. Let's assume that March Audio are buying them in droves for the consumer price (which they clearly aren't when purchasing from the supplier). Now, add the cost of the case itself (which, can't reasonably be close to $50, or over it; Khadas' own case, albeit mor simple, is being sold for $15 -- again, with a profit), and the work to put it together (which can be done on a fast and large scale, even individually), and that's still ~$170 at best. Add another $30 for profit per unit, and we're at $200. And remember, that's with me giving the benefit of the doubt, as well as exaggerating the price in every way. So if you want to argue here, I would be happy to speculate on how much the price goes down for ordering the DAC from a supplier; the case itself goes under this.
March Audio is selling this for an additional $200 of what I said. That's pretty insane. Normally, this is completely normal in many industries, including the audiophile one. It would be here as well, given the product's performance (at least relative to other stuff out there). But when that very same board is being sold for $100 without a case, it ends up being a very arrogant act of greed. It's a Khadas DAC + a $300 case. No more. No less. If you want to convince yourself that it takes $300 to make that case, and put the DAC in it, fine by me (though it begs the question what the worth of producing the DAC chip itself, a far more complex job, is in comparison). Have a happy experience wasting your money on their product.
People in here are overtly apologetic and naive sometimes. Don't forget that this forum made its name from instances just like this, where producers (Schiit being the main one) were heavily criticized for providing inadequate products. One of those inadequacies is selling a product that is easily matched in performance at a far lower price tag. Pulling no punches on shit like this is literally the trademark of this site.
Correct. Which is why I said it wasn't a scam. Did you even read what I wrote?