Apple today announced financial results for its fiscal 2007 first quarter ended December 30, 2006. The Company posted record revenue of US$7.1 billion and record net quarterly profit of $1.0 billion, or $1.14 per diluted share. These results compare to revenue of $5.7 billion and net quarterly profit of $565 million, or $.65 per diluted share, in the year-ago quarter. Gross margin was 31.2 percent, up from 27.2 percent in the year-ago quarter. International sales accounted for 42 percent of the quarter’s revenue. Apple will have a live webcast which will begin at 2:00 p.m. PT today.