The Meridian 203 DAC is an audio digital-to-analog converter that was launched in the early 1990s, marketed at a price of approximately $1,000. It uses dual SAA7321GP DAC chips, which are part of a family produced by Philips in the late 80s, known for their musical sound, although they operate at a maximum of 14-bit sampling. The components within the Meridian 203 include high-grade items such as Mylar and Nichicon Muse capacitors, contributing to its audio performance. Users report that the 203 delivers a very musical, analog sound characteristic with impressive depth and a wide sound stage. The separation of instruments is particularly noted as one of its strengths. In comparative tests, it performed notably better than consumer-grade audio players, such as the Sony Playstation SCPH-1002. While newer DACs using ESS Sabre technology provide transparency and clarity, the Meridian 203’s warm sound and quiet background are often preferred by listeners who favor smooth vocal presentations. Due to the vintage nature of the Meridian 203 and the discontinuation of some of its components, obtaining one may be challenging today.