The difference between Hi-fi and Lo-fi
Hi-fi is also noun with the meaning: high fidelity.
Lo-fi is also adjective with the meaning: having an old-fashioned quality.
check bellow for the other definitions of Hi-fi and Lo-fi
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Hi-fi as a noun:
high fidelity
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Lo-fi as an adjective (sound):
Having an old-fashioned quality
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Lo-fi as an adjective (music):
Having a rough quality, not musically smooth and refined
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Lo-fi as an adjective:
Recorded at home with makeshift tools