The first format or codec to gain widespread acceptance was MP3, but there are now a variety of players on the market that support AAC, WMA, OGG, and other formats. This table will help you sort out the alphabet soup and determine which codecs you need in an MP3 player.
Audible, the format used by Audible.com, is designed for spoken content such as audiobooks and radio programmes such as those on Radio Four. Many portable music players support AA.
Advanced Audio Coding, developed by Dolby Laboratories and best known as the format used in iPods. Apple and Real use their own DRM (digital rights management) technology to secure AAC downloads for iTunes and Real Rhapsody. The iPod is the solitary player that accepts copy-protected AAC files and only those from iTunes Music Store.
Free Lossless Audio Codec, an open-source format that uses a clever algorithm to preserve every 1 and 0 found in the uncompressed file. Though not widely implemented, lossless formats such as FLAC are popular with audiophiles who disdain formats (MP3, WMA, and so on) that further compress files.
Motion Pictures Experts Group Layer 3 is such a mouthful, it's no wonder the abbreviation has taken over. In fact, MP3 is the Kleenex or Hoover of digital music -- so common, it's become shorthand for all portable players whether they use this format or not. Nearly all do, though. The eMusic online music store and most file-sharing networks use MP3.
The latest from Thomson/RCA (the company that licenses MP3 to manufacturers and developers), MP3Pro sounds better than MP3 at the same bit rate. However, it hasn't been widely adopted by manufacturers other than RCA.
Ogg Vorbis is the underdog of this group. It sounds great, and because it is open source, there are no licensing fees when it's used to encode or play music -- a fact that probably makes developers of other codecs a bit nervous. Although it's not as widespread as AAC, MP3, or WMA in players or online music services, OGG could gain traction as consumers grow more sophisticated in their digital audio usage and developers look for ways to cut down on licensing costs.
This is uncompressed audio, like you'd find on a standard audio CD. For the most part, WAVs are found on Windows machines, while AIFFs live on Macs.
Windows Media Audio, Microsoft's format, sounds better than MP3 at the same bit rate. Some WMA files include copy protection, but others do not (if you left the 'Copy protect music' box ticked under the Options menu in Windows Media Player you've been ripping copy-protected WMAs). Most players support WMA, and online music stores such as Napster use secure WMA.