1992 D-311
The D-311 is a high-end portable CD player with a high-quality audio output configuration.
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The D-321 is a better-equipped early ESP model from 1993 that paired three-second buffering with optical digital output and stronger overall sound credentials than most players around it. Sony gave it a more substantial chassis and the kind of feature set that let it sit comfortably between everyday portable use and more serious home-system integration.
Anti-skip had already become important by then, but there is still room for players that needed to function like proper audio components too. The D-321 belongs to that overlap, where portability and line-level seriousness still had to coexist. That makes it one of the more revealing models of this transition period.