I know mp3 conversion has been possible in iTunes forever, but I never needed it until today and I figured others may find it useful. If you need to convert an audio file to an mp3 you can use iTunes by following these steps:

1. Open “Preferences“, click “Import Settings…” and choose “MP3 encoder” as the Import Format.
2. Now you can right-click on any of the songs in your library and choose “Create MP3 Version“.

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Tags: mp3