As we all know, Apple does not like Flash. iTouches and iPads are not Adobe Flash compatible, so it is imperative for Apple (well realistically with sales where they are at it's not that imporotant) that HTML5 becomes stable and reliable. Currently the majority of browsers support HTML5 and Google is now officially supporting it on it's Android phones. With the ability to run multimedia on a page, it most certainly could be the next step in internet evolution.

Source: PC World