Edison Records
Thomas A. Edison invented the phonograph, the first device for recording and playing back sound, in 1877. After patenting the invention and benefiting from the publicity and acclaim it received, Edison and his laboratory turned their attention to the commercial development of electric lighting, playing no further role in the development of the phonograph for nearly a decade. Edison's original phonograph recorded on sheets of tinfoil and was little more than a crude curiosity, although one that fascinated much of the public. These earliest phonographs were sold mainly to entrepreneurs who made a living out of traveling around the country giving "educational" lectures in hired halls or otherwise demonstrating the device to audiences for a fee. The tinfoil phonograph was not fit for any real practical use and public interest soon waned.
Loudspeaker
The first experimental moving-coil (also called "dynamic") loudspeaker was invented by Oliver Lodge in 1898. The first practical moving-coil loudspeakers were manufactured by Danish engineer Peter L. Jensen and Edwin Pridham in 1915, in Napa, California. Like previous loudspeakers these used horns to amplify the sound produced by a small diaphragm. Jensen was denied patents. Being unsuccessful in selling their product to telephone companies, in 1915 they changed their target market to radios and public address systems, and named their product Magnavox. Jensen was, for years after the invention of the loudspeaker, a part owner of The Magnavox Company.