Adobe Abandons Flash Platform on Mobile and TV, What Does this Mean?

With Adobe ADBE abandoning the Flash platform on mobile and television, what does this mean for the rest of the technology landscape?

1) Steve Jobs was right. People didn't really need flash on their mobile device. Flash was a resource hog, it sapped processor cycles and battery life. And on the economic side, it made it so people could easily bypass the app store with a flash web application which was antithesis to Apple's App Store. Instead, standalone apps won out and Apple AAPL takes their 30% cut of the transactions and cut of recurring revenue resulting from in-app purchases.

2) HTML5 is the place to develop on right now. It doesn't have all the bells and whistles flash has built up over many years and versions, but it's cross-platform, less resource-intensive and allows the freedom of developers to keep 100% of revenue resulting from purchases through the platform.

3) Standalone apps are transitory. The days of downloading apps and installing them are still widespread, but HTML5 apps can be 'bookmarked' like a real app and show up on a users' app homescreen just like a native app. All without having to go through the app-store approval process, be limited to Apple's terms of approval, or be subjected to the 30% Apple Tax.

4) OPEN wins again. Information wants to be free and people want to develop on 'open' platforms more than 'closed' platforms like Flash.

5) HTML5 containers will allow more functionality than flash ever could, eg. by allowing you to embed an entire secure, ecommerce platform within an existing page.

Follow me on twitter.com/scottkloustin