MP3 is a standard audio format developed by Moving Picture Experts Group and uses MPEG-1 and MPEG-2 standardizations. MP3 uses lossy data compression, meaning that it loses quality over time. This sound format comes with a .mp3 filename extension and is today the most common audio format on websites and multimedia players.
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AAC (Advanced Audio Coding) is a lossy audio format developed by Dolby and Sony Corporation, AT&T Bell Laboratories, and Fraunhofer IIS. During compression, AAC eliminates unnecessary data, making it smaller and easier to stream or download. Today, Apple devices such as iPhones and iPads are the biggest users of the AAC format.
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