is the most common format for storing audio. Almost any player on any platform can open mp3 files. The audio is compressed with loss of quality, but the loss is negligible for the typical user, and the file size is usually less than that of the original files.
an audio format from Apple that was developed to remove the limitations of AIFF and WAV formats. This is a container that can store sound encoded by various algorithms and track metadata. Its characteristic feature - the format doesn’t have limitations on file size and so this allows one to store infinitely long recordings.