While the terms are often used interchangeably, there is a subtle difference between a turntable and a record player. A turntable refers specifically to the component that spins the vinyl record and includes the tonearm and cartridge for playback. A record player, on the other hand, typically refers to a complete audio system that includes a turntable, amplifier, and speakers all in one unit. Turntables are favored by audiophiles for their modularity and ability to customize individual components for optimal performance.