mp3 First released in 1995 and developed by the Fraunhofer Society, the mp3 audio format is arguably one of the most recognizable audio file format that ever existed. This digital audio encoding format hails from the lossy data compression algorithm family. The format enjoys widespread support and compatibility with most handheld music players, smartphones, computers, and in car stereos most of which have native support for the format. It is also a popular format used for distribution of audio files over computer networks such as the internet. Free mp3 encoders such as LAME and audacity give authors the tools necessary to create .mp3 files.
aac The advanced audio coding audio format or AAC format for short is a standardized audio encoding format designed to succeed the popularized mp3 format. It is the result of the collaborative efforts of several companies including bell labs, Nokia, and Sony among others. It was initially released in 1997 as part of the lossy digital audio compression family of audio encoding formats. AAC enjoys a wealth of native compatibility and support by different platforms, hardware, and software applications including video game consoles such as the PlayStation 3, Nintendo DSi, and platforms such as Android, and YouTube. Today even diverse hardware such as in dash car audio players have native support for the format.