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MP3 is considered a Lossy audio codec. This is a compression technique that does not decompress audio files to their original data amount. Lossy methods provide high degrees of digital compression, which results in smaller files but also results in some sound waves being removed. This negatively affects the quality of sound in an audio file.
For high quality audio the preferred codecs are:
1. Lossless audio: This is a compression technique that decompresses audio files back to their original data amount. Lossless methods can provide high degrees of digital compression, but there is no loss in size or sound quality. Lossless compression music formats include FLAC, ALAC and WMA Lossless.
2. Uncompressed audio: This is an audio file that has no compression applied to it. The sound in uncompressed audio files remains the same as when it was recorded but are larger files than FLAC, ALAC and WMA Lossless.. Examples include PCM, AIFF and WAV formats.
Tim