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Streaming?

It looks like https://discussions.apple.com/thread/8083470?sortBy=rank refers to local playback.

You are sending a file to a Bluetooth receiver. This receiver supports LDAC, a Bluetooth codec able to transmit 24/96 (very lossy of course). Apple uses AAC, also a very good codec but this is not supported by your receiver.
Hence the only codec they do have in common, the mandatory SBC is used. It is likely 320 kbs and capped at 48 kHz.
The Well Tempered Computer


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