Flash player for smartphones such as Android development is canceled, focusing on HTML 5 and AIR in the future
According to Adobe's official blog, Flash Player 11.1 for Android and BlackBerry PlayBook will be the last, and in the future we will not develop Flash Player for any new mobile device (no chipset, browser or operating system version) It was decided.
Also, development of Flash Player for PC has been continued, and that "Flash Player 12" is already under development.
Flash to Focus on PC Browsing and Mobile Apps; Adobe to More Aggressively Contribute to HTML 5 (Adobe Flash Platform Blog)
Flash to Focus on PC Browsing and Mobile Apps; Adobe to More Aggressively Contribute to HTML 5 (Adobe Featured Blogs)
However, it is supposed to continue providing serious bug fixes and security updates for the Flash Player already provided, and that Flash Player source code licensee will allow you to continue releasing your own installed Flash Player .
We will promote HTML5 along with Google, Apple, Microsoft, RIM etc in the future and we will set up an environment where Flash developers can develop native applications for each platform using Adobe AIR.
History of suffering over past Flash "Adobe" vs "Apple" - GIGAZINE