We’ll get the big question out of the way up front—one that we posed to the company before K 340 arrived for testing: “What would justify the $120 asking price here?” K 340 is billed as iPhone-compatible, but doesn’t have an in-line mic or track controls of any sort; the headphone plug is just compatible with the ports of all iPhones. Similarly, the earphones themselves don’t have the metallic bodies or other physical…