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Adobe files SEC complaint against Apple
Sean Fallon
Adobe has acknowledged, for the first time in a corporate filing, Apple's Flash ban could hurt sales
Adobe takes its fight with Apple to the SEC
Published on Apr 9, 2010
Up until now, Adobe has maintained the stance with investors that it did not need Apple to support Flash in order to be successful. However, recent changes in Apple's developer's agreement have effectively banned its Flash CS5 compiler -- a major component of the Adobe Creative Suite 5 software package set for release on April 12th.
For this reason, Adobe has been forced to admit that the Apple exclusion can hurt sales, as BusinessWeek notes:
"To the extent new releases of operating systems or other third-party products, platforms or devices, such as the Apple iPhone or iPad, make it more difficult for our products to perform, and our customers are persuaded to use alternative technologies, our business could be harmed," Adobe said today in the filing with the U.S. Securities and Exchange Commission under a "risk factors" heading.
Shares dropped 40 cents to $34.54 in early trading on the news, but is this only the beginning of Adobe's problems?
Sure, Flash is on over 90% of the world's computers, but we have all seen how much influence Apple has on the market. Many Web developers are making changes to accommodate the iPhone and iPad, so a migration away from Flash may already be underway.
