APE is a popular lossless audio format, also known as Monkey's Audio. Lossless means that no audio information is discarded when you convert something into this format. Thus, converting Audio CD to APE allows getting an identical copy of the original audio CD tracks. Generally, APE offers better compression rates, compared to other lossless formats like FLAC or WavPack, which means that the resulting files are smaller. On the other hand, APE files need more processing, and slow devices are unable to play them.
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