Some CDps have a digital input and/or output and some do not.
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Some CD players have digital inputs and you can use them as a DAC. Most of these players are pretty expensive too. I have owned 2 players with digital inputs (they also have built-in analog mode volume control, so no pre-amp needed in an all digital system). My previous player was the excellent Resolution Audio Opus 21 ($3500 new) and my current player is the (value King, IMHO) Quad 99 CDP ($1500 new).