• Skip to primary navigation
  • Skip to main content
  • Skip to footer
  • Home
  • Advertise With Us
  • Contact
  • Cookie Policy
    • Privacy statement (CA)
    • Cookie policy (CA)
    • Privacy statement (UK)
    • Cookie policy (UK)
    • Privacy statement (US)
    • Cookie Policy (US)
    • Privacy statement (EU)
    • Cookie policy (EU)
    • Disclaimer

TechWalls

Technology News | Gadget Reviews | Tutorials

  • Reviews
  • Tech News
  • Tech Guide
  • Gadget & Apps

Can Adobe Survive a Post-Flash World?

Updated on Aug 1, 2019 by Guest Authors

Last July saw Adobe explain to the world how it arrived at the decision to kill Adobe Flash. Adobe realized that, as open standards such as WebAssembly, WebGL, and HTML5 have matured, most now offer many of the functionalities and capabilities that were pioneered by plugins and grew into a valid alternative for web content. Flash will cease to exist by 2021.

But can a company survive by losing one of its prime assets? It may still have a range of software products that it sells but, in terms of credibility and relevancy, the death of Flash has to be a blow. Fortunately for Adobe, it’s managed to stay one step ahead of its competition in other areas. Photoshop remains the most popular graphics program on the market and Adobe Premier appears to have overtaken Final Cut Pro as the editing software of choice.

Record revenues

The company’s subscription-based model doesn’t seem to have hurt its profits either. In fact, it’s had the opposite effect. The move appeared to be a risky one when the news first broke. Skeptics felt that it would eat into Adobe’s profits and customers were openly rebelling against the move. Revenue initially fell, by 8% in 2013, and stayed flat the following year. However, things eventually turned around. In last year’s fourth quarter, Adobe achieved a record revenue of $2.01bn, which accounts for 25% year-on-year growth.

In fact, the company earned record revenue both for a quarter and fiscal year in 2017. Adobe CFO and executive vice president Mark Garrett said that the company is increasing its target for this fiscal year, proving that Adobe is very intent on remaining the powerhouse it has always been. It’s so far, so good, as this year’s second quarter reached even greater profits at $2.20bn- a new record revenue. Profits continue to move in the right direction, according to the latest charts on eToro; the resource for people looking to trade stocks shows that Adobe presently looks like an attractive stock to invest in.

What next for Adobe?

Adobe has been one of the giants of software since its inception more than 35 years ago. As it appears to have withstood the early signs of a failed subscription-service and the death of its signature plugin, what does the future hold for the company? One thing on its agenda is refining how we interact with both art and technology. In fact, it has already-integrated AI capabilities with Creative Cloud through Adobe Sensei. This has dramatically enhanced the user features of such programs as Illustrator and Photoshop. Adobe is looking to go beyond digital, however, turning its attention towards making programs that combine digital with electronic design and 3D.

“Tip#41: Temperature Color Wheel in Adobe” (CC BY 2.0) by colorwheels

One program Adobe is considering is called Ellustrate. It’s essentially Illustrator for makers and allows people without electronic experience to design using LED lights. While the program remains under development, it has appeared at such conferences as UIST and has impressed, even in these early stages. As yet, however, it remains as a passion project for Adobe senior research scientist Mira Dontcheva.

Disclosure: As an Amazon Associate, I earn from qualifying purchases. The commission help keep the rest of my content free, so thank you!

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Footer

POLONO PL60Thermal Label Printer Review

DaranEner NEO2000 Power Station Review – A Beast In A Portable Design

Autonomous SmartDesk Junior Review – Kid Standing Desk with Pegboard and Adjustable Height

OKP Life K2P Robot Vacuum Cleaner Review – Who Should Buy this Vacuum?

Follow TechWalls

YoutubeFacebookTwitterInstagram

Recent Posts

  • BLUETTI Valentine’s Day Deals for Canada
  • BLUETTI’s Romantic Deals this Valentine – Up to 30% Off
  • Google Is Launching Bard to Fight ChatGPT, Here Is How It Works
  • POLONO PL60Thermal Label Printer Review

Copyright © 2023 · All Rights Reserved

Manage Cookie Consent
We use technologies like cookies to store and/or access device information. We do this to improve browsing experience and to show personalized ads. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional cookies Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}