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The software maker will stop development of its Flash Player for mobile browsers.

Nestor Bailly, PSFK
Nestor Bailly, PSFK on November 9, 2011. @NKBailly

Adobe Systems Inc is halting development of its Flash Player for mobile browsers, surrendering to Apple Inc in a war over Web standards while signaling a strategic about-face that left Wall Street nervous over future growth.

Reuters

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