When we introduced Stereophile's Product of the Year awards in 1992, we decided that, unlike some other publications' awards schemes, we would avoid what the late Art Dudley once described as the "every child in the class gets a prize" syndrome. We decided to keep the number of categories to the minimum. That way, in Loudspeakers, for example, high-value minimonitors would compete with cost-no-object floorstanders. In Analog Products, turntables would compete with tonearms, phono cartridges, and phono preamplifiers. And in Amplification, single-box integrated amplifiers would go up against separates. In Budget Product of the Year, we lumped everything together, recognizing products from every category that offered the best sound for the buck. The overall Product of the Year, meanwhile, would be the winner of all the winners—a single product, unless the voting resulted in a tie.

To be considered for our 2023 awards, products must have been subjected to a full review or considered in a column published from the November 2022 issue through the October 2023 issue. Each product was subjected by the reviewer to a thorough evaluation over a period of weeks or months—plus, for regular reviews (not columns), a session in my test lab.