Adobe CEO commented during yesterday’s earnings call:
We are also equally committed to bringing the Flash Player to the iPhone, so now we do have a Flash Player 10 version for smartphones. We continue to work with Apple. We need more APIs and cooperation to bring the capabilities of Flash to the iPhone and we think it’s in both of our best interests to make sure that 85% of the top 100 websites that use Flash, that that experience is available to the Apple customers.
I mean, if you build your entire cloud platform around the Flash client, what do you do if the key mobile device out there refuses to support it?
Transcript from Seeking Alpha.