Slightly tangential: there's an excellent Norwegian TV series based on the premise of suddenly appearing immigrants from earlier time periods, see https://en.wikipedia.org/wiki/Beforeigners.
Others have already pointed out that a knob saves a lot of space. And I'm surprised myself how usable a knob is when controlled with a vertical trackpad scroll gesture. Probably still a frustrating control on a touch screen, though.
You beat me to posting this. When this version of the QuickTime player came out, I couldn't understand how Apple of all companies could ship this obviously awkward control.
Edit: Scrolling further down on the article, I get reminded of the weird pop-out drawer at the bottom of the player. I had totally forgotten about it, and it was also a very awkward and un-ergonomic piece of UI.
A lot of people (including myself) won't re-encode their existing music collections into another lossy format to avoid degradation in sound quality.
Also, as much as it sucks these days, a lot of people (including myself) are still in the Apple ecosystem (formerly iTunes, now Music.app). For these people, mp3 seems to be the best compressed format that's compatible with the rest of the world.
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