Apple CEO Steve Jobs recently said Adobe's Flash is "waning" and "had its day." Does the iPad and iPhone sales juggernaut make him right?

"Sometimes you have to pick the things that look like the right horses to ride going forward," Jobs said, speaking at the D: All Things Digital conference in Rancho Pales Verdes, Calif., Tuesday night. "And Flash looks like a technology that had its day and is waning. And HTML5 looks like the technology that is really on the ascendancy right now." (HTML5 is the technology that the iPad, for example, uses for video in lieu of Flash.)