Adobe (ADBE -7.9%) says it will stop developing Flash for mobile browsers, caving into criticism...

|About: Adobe Systems Incorporated (ADBE)|By:, SA News Editor

Adobe (ADBE -7.9%) says it will stop developing Flash for mobile browsers, caving into criticism that Flash is too unstable for smartphones and tablets. It's a defeat for Adobe vs. Apple (AAPL -1.9%) in their long-running battle since Steve Jobs refused to allow Flash on iPhones and iPads, and means that developers may stop using Flash tools to produce video, websites and applications for delivery over mobile browsers.