On iOS you can play only one mp3, not more at the same time. Don’t know about Android but I think it’s the same.
So use MP3 for music, uncompressed sounds for everything else.
Thanks for the feedback! It seems to be possible to play several mp3s at once (we did that for an iOS game we just made), but playing only one will take advantage of the hardware-optimized decompression on the device. Additional mp3s will bother the CPU, but not sure to which extent…?
Seems like a good idea to keep mp3 mainly for the music/ambience and uncompressed for all other sounds though. But then there’s the questions of which recommended quality level on the uncompressed (44kHz vs 22 kHz, 8bits vs 16bits etc.)