CAF (Core Audio Format) is a free audio container format developed by Apple and works on macOS 10.4 or later. It can also be opened on macOS 10.3 using QuickTime 7. Apart from audio, CAF can also hold multiple metadata such as file name, album name, composer, and more. It comes with a filename extension of .caf.
Apple QuickTime Player Soundtrack Pro Logic Studio
M4B is an audio filename extension for AAC format, which is developed by Apple Inc. It is mainly used on podcast and audiobook files. Typically, M4B files contain audio and other metadata like images, hyperlinks, and chapter markers. M4B files are DRM copy-protected and can be opened on Apple iTunes and QuickTime Player.