July 14, 1995: The new .bit file format changes its official name to MP3. Innovative technology allows you to compress a standard CD .wav file ten times, thanks to new algorithms.
The MP3 format will be a real revolution in the world of the music industry and will allow Apple to reach a new level in gaining universal recognition. Its advent enables users to easily share music, making music portable and able to fit in a small iPod that is destined to become the most famous MP3 player in the world, bringing huge benefits to Apple.
How MP3 Reduced File Sizes
The genius of MP3 was to discover a unique way to encode data that could reduce the file size of an audio track by a factor of ten without sacrificing sound reproduction. The Fraunhofer Institute for Integrated Circuits creates the first MP3 encoder and patents the MP3 format copyright, which they retained until 2017.
https://www.youtube.com/watch?v=jCO9LV-D5f4
Soon there will be compact MP3 players. However, it won’t be until Steve Jobs returns to Apple that the company’s products include the iPod, which has more MP3 storage capabilities than competitors’ devices. This multiplayer, plus easy media management with iTunes, allowed Apple to find a new successful development path that led it to its current status as a technology giant.
Thanks to the advent of the MP3 format, users were able to have thousands of songs in their pocket, which was incredible progress.
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