Just going to chime on on this oldish thread for inaccuracies. When dealing with bluetooth, the DAC on the phone/player makes zero difference, it is never used. Once the audio is decoded the waveform data that is normaly handed to the "audio device" (DAC, soundcard) is routed to the bluetooth stack in which it is transformed via profile into (normally) and mpeg2 stream and sent to the BT receiver (the NEW/default audio device). So sound quality at this point is %100 on your transmission type and the DAC that is on the receiver end, be it a bluetooth receiver modual or a set of headphones with bluetooth built in.
As far as default SBC bluetooth audio goes, there are alot of issues that make it hurt sound quality; A) you are recompressing audio that has already been compressed, B) it is being recompressed as mpeg2 which is older, and C) recompressing using the same mpeg algorithms just impacts sound quality exponentially. In the end under the best circumstances, you still lose a noticeable amount of high and low end. SBC is fine for portable speakers and basic car audio, but like in my car I play my music from a USB stick because it just sounds so much better then streaming it from SBC.
Now some people took notice of this, and that is why we have AptX. AptX is a proprietary codec+profile from a company designed for bluetooth to greatly help with the failings of SBC. Mainly it is overall a better audio compression and supports higher bitrates, and it uses an algorithm which when applied to a previously compressed mpeg stream doesn't hurt it nearly as much. The problems with AptX is it is a hardware supported feature, and both the playback and receiver device must support it. This also means royalties need to be paid where as SBC is totally free.
Thankfully you will find AptX on LGs, samsungs, and HTC's phones from the last several years, although apple has yet to jump in the pool. Finding headphone and speaker support is still a little troubling. I have purchased a number of cheap bluetooth receivers, and while they were able to offer better then SBC sound quality they suffered from poor DACs and lots of hiss. The last device I purchased was the
http://www.ebay.com/itm/Avantree-Ap...mitter-and-Receiver-Saturn-Pro-/232299322175? , it features very good sound quality but still has a problem with noticeable levels of hiss. unfortunately the only ones with an interest in aptX receivers are Chinese manufacturers looking to build cheap devices that offer a little bit more then the rest of the chaf.
Now something I haven't been able to research much because it is something I just happen to stumble over when looking at some more of the recent BT headphones, some of them have apps, and may even require that these apps be installed. For instance the samsung level u pro. When paired, the phone even says it must download this app. This leads me to wonder if some of these new bluetooth headphones are utilizing a custom application which streams the audio untouched, using the bluetooth as a file transfer medium only and letting the software in the headphones and the app manage the data stream contents. This breaks alot of bluetooths universal uses (only android and iOS support, the samsung level u pro apparently has compatibility issues across android phone models even) but would still be the ideal solution for QUALITY wireless headphones. I still need to research this more.
Edit: used a2db instead of SBC, they are not interchangeable. a2db is the profile and SBC is the codec.