But that's patently untrue: take this 10 MB example TIFF file as an example.
-
PNG Compression, max compress (=quality 9):
convert file_example_TIFF_10MB.tiff -quality 9 test.png
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JPG Encoding, 99% quality (=quality 99):
convert file_example_TIFF_10MB.tiff -quality 99 test.jpg
Final file size comparison:
9.7M Sep 5 13:21 file_example_TIFF_10MB.tiff
1.7M Sep 5 13:22 test.jpg
2.5M Sep 5 13:22 test.png
PNG is significantly larger, and difference in quality between them is negligible
He's a witch! Burn him!