"Mobile Flash will no longer be developed for mobile browsers... Instead Adobe will focus on development around HTML5 technologies, which enable modern browsers to do essentially the same functions as Flash did but without relying on Adobe's proprietary technologies, and which can be implemented across platforms."
Source:
Adobe kills mobile Flash, giving Steve Jobs the last laugh
"It's sad that Jobs is no longer with us to see this day. But the truth is that he probably didn't need to see it ?he knew he was right. In his post, he outlined the need for a move towards technologies like HTML5, and now that's exactly where Adobe is heading."
Source:
Steve's Last Laugh: Adobe Killing Off Flash For Mobile Devices
See also:
Flash to Focus on PC Browsing and Mobile Apps; Adobe to More Aggressively Contribute to HTML5