“Apple Inc. and Samsung Electronics Co. failed to agree on a settlement in their patent dispute in the U.S., setting the stage for the two technology giants to face each other again in court in March,” Yun-Hee Kim reports for The Wall Street Journal.

“In a joint filing with the U.S. district court in San Jose, Calif., the companies said that executives from both sides, including Apple Chief Executive Tim Cook and Samsung Co-Chief Executive J.K. Shin, met in February with a mediator to try to settle, but they couldn’t reach an agreement,” Kim reports. “Without an agreement, Apple and Samsung will continue to fight it out in global courts over patent infringement, a battle that began when Apple first sued Samsung in 2011 saying the South Korean company copied the design and feel of the iPhone and the iPad.”

Kim reports, “The March trial between the two companies involves a different set of Apple patents used in more recent Samsung products such as the Galaxy S III smartphone. Since the coming trial involves newer products that were bigger sellers, industry experts say there is a possibility of an even larger damages award if Samsung is found to have infringed Apple’s patents.”

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MacDailyNews Take: Shocking.