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With magnetic drives, the platter is driven by electro-magnets, whereas belt drives are held together with a rubber band.
Magnetic drives (like Technics) stop instantly when you want them to, hold a constant pitch wherever you set it to, have higher torque, and require much better engineering. Belt drives last a few months as the belt wears out quickly, the pitch wobbles like crazy, and they have an annoying tendency to stop completely with the lighest of platter brushes.
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