- 1,500 Steinway & Sons workers build 7,217 pianos.
- Over 50% of all the pianos sold in America are “player pianos”, manufactured by competing Aeolian, Welte & Sohne, and the American Piano Company (Ampico). Prominent concert pianists, including Ignacy Jan Paderewski, provide testimonials to player piano companies they endorse, claiming precise reproduction of their live performance by the player pianos.
- Steinway & Sons’ net profit is for the first time in the company’s history higher than a million dollars: $1,067,000.
- Steinway & Sons begins to build a new piano factory in Hamburg, on the outskirts of the city on Rondenbarg, Hamburg-Bahrenfeld.
- Advised by Warren & Wetmore, Steinway & Sons buys more land on West 58th Street. The total cost of the land for Steinway Hall: $547,500.
- General Electric’s Radio Corporation of America sells 300,000 Radiolas.