Adobe announced on Wednesday that it plans to abandon the development of its Flash Player software for use on mobile devices. The company should now support HTML5, the new standard for the internet.
«HTML5 is now universally accepted on most mobile devices, in some cases exclusively,» Adobe Vice President Danny Winokur said in a blog. «This makes HTML5 the best solution for creating and distributing content on mobile platforms.»
With the decision, the company’s shares dropped nearly 11%, showing that shareholders are concerned about the damage to Flash tools aimed at producing videos, websites and applications for mobile devices.
Although it is an important step for HTML5, the technology does not yet present elements of open standards. The H.264 codec, supported by Apple and Microsoft, requires licensing and costs for developers.