If the average masses have it heard of it, it’s probably mid-fi. I don’t see it as derogatory....it can have some useful connotations when trying to explain where Denon and Sony fit into the audio world compared to CAT or Krell. However, I clearly view the latter as high-end vs "hi-fi".
HiFi vs MidFi
I’m a relative noob to the audiophile scene, having just invested in an integrated amp and upscale (for me) speakers. From time to time, I hear the term “MidFi” for some components. Is there an objective or just largely accepted definition for this term? I’d be curious to hear feedback on what constitutes HiFi vs. MidFi across various components.