David Pogue did a blind A/B of an iPhone vs a Pono and most people preferred the iPhone.
http://screen.yahoo.com/yahoo-tech-video/pogue-review-ponoplayer-171032215.html
http://www.yahoo.com/tech/it-was-one...496883039.html
The test has many flaws but I find it still interesting. It seems that he uses the iPhone 6 and I was surprised to find a clear improvement in the sound versus older iPhone. I guess they changed the DAC to a better one.
Let me put my flame suit on first