Adobe Flash replaced by a new technology?

Adobe Flash and Apple has something to share and it seems to be a “war” between the two. One of our clients was pretty upset he is not able to see any flash element on his iPad. The USA Apple support and stuff from one of the NSW Apple stores let him know that Apple is not going to support Flash on iPad and iPhone because in a couple of years Flash will not be used at all on the web, A “new technology” will replace Flash animation.
That’s a very bad news for Adobe . I’m just curious what is this “new technology” kept in such secret. We are using Apple equipment and software and we are very happy to experiment something new. We’ll see. Until then we are going further with Adobe Flash. It is amazing.