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About Compressed Archive Files
Audio
can be stored uncompressed, as with .aiff and .wav files. Lossless
compression schemes, as used in .flac files, preserve the original sound
quality by only removing unnecessary and redundant data. MP3, by far
the most popular audio format, removes data using a lossy scheme which
results in a slight loss of audio quality but significant compression.
The AAC format is capable of better audio quality than MP3 in the
general bit rate range, at the cost of less compression ability.