Here is a link describing the basic differences between the file formats:
https://support.beatport.com/hc/en-u...nd-AIFF-files-
MaxOne makes a good point regarding upgrades if you're concerned about format quality. I do not produce and I'm anything but a professional professional DJ. The iTunes downloads are more than adequate for me ... even for when I do get the occasional public gig. If DJing was going to be a career or supplemental income, I would definitely be converting my set list into WAV format once that booking / gig approached.
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