MP3 stands for MPEG Layer 3, and is a lossy compression method for storing Audio data.
| Audio, Video, and Image Codec/Format List |
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Video Codec List: AVI | DivX | MPEG-1 | MPEG-2 | MPEG-4 | QT | RM | RV | XVID | WMV Audio Codec List: AAC | AC3 | ATRAC | FLAC | MP1 | MP2 | MP3 | Ogg | RA | WAV | WMA Image Format List: GIF | PNG | JPEG | TIFF | RAW | MIX | PSD | ICO | ANI | TGA | PIX | PCX | BMP |