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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AIiF (Apple Interchange File Format/Audio Interchange File) is a sound format used on Mac OS X. It comes with a .aiif filename extension and .aif when used on Windows. An AIF file features raw sound data like sample rate, bit depth, and channel (mono/stereo). This file format is also accepted on most CD writers.
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