WAV (or WAVE) is actually the first full-fledged audio format with good sound quality. It was developed quite a few years ago by the joint efforts of Microsoft and IBM. Sometimes this format is even called “Audio for Windows,” because it is the standard for storing audio stream for a traditional Windows desktop computer. Full name - Wave Audio File Format. The short name is derived from the English word wave ("wave"). The peculiarity of this format of digitized audio stream is the lack of compression. WAV files take up too much space, but it is ideal for storing high quality files in their original form.
CAF is a highly specialized audio file format. It was developed by Apple Computer, its name is an abbreviation for Core Audio File. It is a container format for audio files. CAF is distinguished by its large size from many other similar audio file formats. At the same time, the compression ratio is, on the contrary, much less than that of files of a different format, which allows compression without loss of quality compared to the original. The disadvantages of the CAF format are that not all popular players support it, and therefore such files need to be converted.