Doubt audiophiles are really the target for the AirPods Max.

I'm a slight audiophile, enough to own a Schitt stack and lower-end planar magnetics, overall cost would be slightly more than the AirPods Max 2. I did try the previous generation and walked away with no emotional response either way to the quality of the sound.

The Apple tax makes me extremely skeptical that I would get $500+ worth of sound quality, however ANC upsets that equation quite a bit. For around the same cost I could get a much better set of DAC+Amp+Headphones but it would sound objectively worse in a noisy environment.

You also can't experience true lossless on any bluetooth audio output device, for what that's worth (many "true" audiophiles would fail an A/B test for AAC).

The previous generation were also REALLY bassy, and there's nothing wrong with that, bassy headphones are how to make things sound "fun" and that's why the likes of Beats make so much money. That categorically makes it not audiophile, though, because it just takes an EQ/pre-amp to achieve the same effect (which can be toggled on and off).

Ultimately, my most basic issue with these is that if you're willing to blow 500 bucks on headphones, then going modular (DAC+Amp+Headphones) will give you more room to explore something that you apparently really enjoy.

As a (sane) audiophile, I happily use Apple devices for enjoyable listening. Their headphones have amazing clarity and soundstage for their size. If you keep in mind that AirPods are calibrated to your ears with your iPhone's FaceID camera, they provide nice, tailored sound.

I also have nice, but not over the top equipment. Yes, some of them sound nicer and more detailed (you can't compare large, 100W/channel bookshelf speakers with headphones, can you?), but for getting 95% of what they provide without any effort is pretty worth it.

Last, but not the least, Apple used Wolfson DACs in their iPods for most of their lifetime. Their replacement DACs are not worse than the Wolfsons, but probably even better.