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 SPX file is a Speex audio file saved within an Ogg Vorbis container. Speex is an open source patent-free audio format designed for speech compression. It supports variable bitrate (VBR) encoding and several features not found in other audio codecs. Some examples include embedded encoding, intensity stereo encoding, and voice activity detection.