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The AIFF extension is an audio format file developed by Apple Computer in 1988 based on Electronic Arts' IFF format, and is most commonly used in Apple Macintosh computers. Contains CD-quality audio that is stored in an uncompressed lossless format. The content of the file is uncompressed PCM data, a digitized analog audio signal. Like any uncompressed file, AIFF files take up much more disk space than their compressed counterparts: one minute of stereo audio at 44.1 kHz sampling rate and 16 bits takes about 10 MB. The standard file extension is .AIFF or .AIF, for the compressed version the .AIFC extension must be used. AIFFs are widely supported and can store LPCM, they are suitable file formats for storing and archiving the original recording.
AAC was originally created as a successor to MP3 with improved audio coding quality. Also AAC is a multi-channel audio coding algorithm that supports streaming. To date, the AAC format has not yet reached mass distribution on audio media, but in a number of parameters it surpasses all types of audio compression existing today. This means you can have files that take up less space but still have the same audio quality as other popular compressed audio formats. The format itself is proprietary and requires the purchase of a license for commercial use. AAC is the preferred audio file format for iTunes and Apple Music, but ACC files can be played on Android and Windows computers. Files encoded with AAC can have the extensions .m4a and .mp4. These formats act as containers for packaging audio streams.