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AAC (Advanced Audio Coding) is a lossy audio compression format developed as the successor to MP3. It provides better sound quality at the same bitrate, making it a preferred choice for streaming and digital music services like Apple Music and YouTube. AAC supports multichannel audio, high sampling rates, and low-latency performance. It is widely supported across platforms and devices, offering a good balance between audio quality and file size.

MP3 (MPEG-1 Audio Layer III) is the most popular audio format for digital music. It uses lossy compression to significantly reduce file size while maintaining audio quality acceptable for casual listening. MP3 is supported by virtually all devices and software, making it ideal for music distribution, streaming, and storage. Its widespread use and compatibility have made MP3 the global standard for portable audio, even with the rise of newer, higher-fidelity formats.