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The docks do this since years. You just plug in the lightning and the dock provides lightning out and audio out.

So an adapter is definitly possible.

This is a terrible solution though. To have to buy something new to retain a function that was previously available is just backward.

That'd be like having to use USB floppies. or USB dvd drives. Crazy!

The issue I've run into with the docks is that I have to remove my case to use them.