“Executives ‘at the highest levels’ of Apple Corp [sic] and Samsung Electronics Co Ltd are in talks about patent litigation between the two companies, a lawyer for Apple said in court,” Dan Levine reports for Reuters.

“The disclosure came during a hearing on Friday in the battle over the highly lucrative smartphone and tablet markets, jump-started by Apple’s iPhone and iPad,” Levine reports. “Apple sued Samsung in April, claiming Samsung’s Galaxy line of smartphones and tablets infringe several patents and trademarks. Samsung then countersued, asserting its own patents against Apple.”

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Levine reports, “Apple was Samsung’s second-biggest customer last year after Sony, accounting for about $5.7 billion of sales to Samsung mainly by purchasing semiconductors, according to Samsung’s annual report.”

Read more in the full article here.

MacDailyNews Take: Imagine being a fly on the wall:

Apple: Stop copying our products.
Samsung: But, we can’t sell as many if we don’t make them look like iPhones and iPads.

Apple: Stop copying our products.
Samsung: Yeah, uh.. Hey, have you seen these iPad-sized retina display samples?

Apple: Stop copying our products.
Samsung: They’re really cool, lots and lots of pixels…

Apple: Stop copying our products.

[Thanks to MacDailyNews Readers “Fred Mertz” and “Lynn Weiler” for the heads up.]