In more iPhone news, Adobe Systems announced that it is working to create a media player for Apple’s sought-after device, Adobe CEO reportedly said this week.

Apple CEO Steve Jobs had recently suggested Adobe work on a newer version of its mobile player, saying that the iPhone had not yet adopted Adobe’s mobile Flash program because of technical and performance issues.

Adobe’s CEO reportedly said that the company has since started working with Apple’s newly released iPhone developer tools, and plans to build a Flash player for the handset that will be distributed through iTunes.

Adobe also recently announced an agreement with Microsoft to license its mobile Flash programs.