Well, sorta. It’s actually limited to some basic editing features such as cropping, rotating, changing color and a few processing effects such as soft focus, vignette and others. But it is sorta like having Photoshop on your iPhone. Here’s Adobe’s press release:

Adobe Unveils Photoshop.com Mobile for iPhone
New Adobe application brings must-have photo tools and eye-catching effects to iPhone users

Milestone Release Radically Improves Creative Workflow Efficiency; Redefines Collaboration Between Designers and Developers

SAN JOSE, Calif. — Oct. 15, 2008 — Adobe Systems Incorporated (Nasdaq:ADBE) today announced the immediate availability of the Adobe® Creative Suite® 4 product family, the highly-anticipated release of industry-leading design and development software for virtually every creative workflow. Delivering radical breakthroughs in workflow efficiency – and packed with hundreds of innovative, time saving features – the new Creative Suite 4 product line advances the creative process across print, Web, interactive, film, video and mobile.

Customers can choose from six new versions: Adobe Creative Suite 4 Design Premium, Design Standard, Web Premium, Web Standard, Production Premium and Master Collection. The combination of Creative Suite and the new capabilities of Adobe Flash® Player 10, also available today (see separate press release) deliver new levels of creativity and expressiveness across media channels. Designers using the Adobe Creative Suite 4 product family will gain unprecedented creative control using the new expressive features and visual performance improvements in Adobe Flash Player 10 to deliver breakthrough Web experiences across multiple browsers and operating systems.

New Foundation’s First Initiative Engages Youth to Drive Social Change

SAN JOSE, Calif. — Oct. 1, 2008 — Adobe Systems Incorporated (Nasdaq:ADBE) today announced the Adobe Foundation, a global philanthropic organization focused on driving positive social change and community improvement. Formation of the foundation builds on Adobe’s long history of philanthropy – including grantmaking, software donations and training, employee volunteer programs and education initiatives – focused on making the communities where Adobe operates strong and more vibrant places to live, work and do business.

Adobe has historically allocated one percent of its annual net income to philanthropic giving, managed through a donor-advised fund at the Silicon Valley Community Foundation (SVCF). Going forward, these funds will be managed by the Adobe Foundation, creating a closer connection between Adobe and its philanthropic interests. The Adobe Foundation will initially manage Adobe’s flagship community program, Adobe Youth Voices, and administer new programs in the future.

Revenue and Earnings Performance Driven by Record Acrobat and LiveCycle Revenue

SAN JOSE, Calif. — Sept. 16, 2008 — Adobe Systems Incorporated (Nasdaq:ADBE) today reported financial results for its third quarter ended Aug. 29, 2008.

In the third quarter of fiscal 2008, Adobe achieved revenue of $887.3 million, compared to $851.7 million reported for the third quarter of fiscal 2007 and $886.9 million reported in the second quarter of fiscal 2008. Adobe’s third quarter revenue target range was $855 to $885 million.

“Our strong performance in Q3 was driven by record revenue for our Acrobat and LiveCycle products, as well as the overall diversity of our business,” said Shantanu Narayen, president and chief executive officer. “We continue to execute exceptionally well against our strategy, and we look forward to the launch of our flagship Creative Suite 4 product family next week.”

Major Software Upgrade Further Simplifies Photography Workflows

Press Release: SAN JOSE, Calif. — July 29, 2008 — Adobe Systems Incorporated (Nasdaq:ADBE) today announced the immediate availability of Adobe® Photoshop® Lightroom® 2 software, the photographer’s essential toolbox for managing, adjusting and presenting large volumes of digital photographs. With new enhancements such as dual-monitor support, radical advances in non-destructive localized image correction, and streamlined search capabilities, Lightroom 2 is a compelling upgrade that simplifies photography from shoot to finish. As Adobe’s first application to support 64-bit for Mac OS X 10.5 Macintosh computers with Intel® processors and Microsoft® Windows® Vista® 64bit operating systems, Lightroom 2 also provides improved memory performance for dealing with large scale images.

Press Release–DALLAS–(BUSINESS WIRE)–www.splashmedia.com, an innovator in digital video publishing and Internet television captured the prestigious Lone Star Emmy for Excellence in Informational and Instructional Programming for its production of Dr. Brown’s Photoshop Laboratory at the recent Advanced Media Awards.

New Support for Adobe Flash Technology, Rich PDF Portfolios and Real-time Capabilities Redefine PDF Communications

Press Release: SAN JOSE, Calif. — June 2 , 2008 — Adobe Systems Incorporated (Nasdaq:ADBE) today introduced Adobe® Acrobat® 9 software, a significant upgrade that will transform the process of creating and sharing electronic documents. Acrobat 9 delivers native support for Adobe Flash® technology, the ability to unify a wide range of content in rich PDF Portfolios, and access to real-time capabilities for co-navigating a PDF document with colleagues.

New, Open Format Intended to Bring Predictability and Consistency to Digital Cinema Workflows

Press Release: SAN JOSE, Calif. and LAS VEGAS NV — April 14 , 2008 — Adobe Systems Incorporated (Nasdaq:ADBE) today announced that it plans to lead an initiative to define an industry-wide open file format for digital cinema files to streamline workflows and help ensure easy archiving and exchange. Adobe intends to leverage its successful Digital Negative Specification (DNG) file format as a foundation, and Adobe plans to work with a broad coalition of leading camera manufacturers, including Panavision, Silicon Imaging, Dalsa, Weisscam, and ARRI—along with software vendors, including Iridas and The Foundry, and codec provider CineForm—to define the requirements for an open, publicly documented file format that it plans to call CinemaDNG.

Promotion Marks Increasing Significance of Rich Internet Applications Across Adobe’s Business

Press Release: SAN JOSE, Calif.–(BUSINESS WIRE)–Adobe Systems Incorporated (Nasdaq: ADBE – News) today announced the promotion of Kevin Lynch to chief technology officer (CTO). In this new position, Lynch will oversee Adobe’s experience design and core technology across business units. As part of this role Lynch will continue to drive Adobe’s technology platform for designers and developers, which includes Adobe® Flash® Player, Adobe Flex®, and Adobe AIR™, the new cross-operating system application runtime that bridges the computing power and data capabilities of the desktop with the real-time dynamic capabilities of the Web.

Adobe Ranked No. 40

Press Release: SAN JOSE, Calif. — Jan. 22, 2008 — Adobe Systems Incorporated (Nasdaq:ADBE) today was ranked No. 40 on FORTUNE magazine’s eleventh annual “100 Best Companies to Work For” list. Adobe was among the top companies included from the high-tech sector. In FORTUNE’s subcategory of medium companies (those with 2,500 to 10,000 U.S. employees), Adobe ranked No. 12. This marks the ninth time Adobe has been included on list. The full list and related stories are currently available at www.fortune.com and will be featured in FORTUNE’s Feb. 4, 2008, print issue, available on newsstands Jan. 28, 2008.

Strong Adoption of Creative Suite, Acrobat and Enterprise Solutions Drives 23 Percent Annual Revenue Growth

Press Release: SAN JOSE, Calif. — Dec. 17, 2007 — Adobe Systems Incorporated (Nasdaq:ADBE) today reported financial results for its fourth quarter and fiscal year ended Nov. 30, 2007.

In the fourth quarter of fiscal 2007, Adobe achieved record revenue of $911.2 million, compared to $682.2 million reported for the fourth quarter of fiscal 2006 and $851.7 million reported in the third quarter of fiscal 2007. This represents 34 percent year-over-year revenue growth. Adobe’s fourth quarter revenue target range was $860 to $890 million.

Interactive Design Drives Expanded Award Categories

Press Release: SAN JOSE, Calif. — Nov. 13, 2007 — Adobe Systems Incorporated (Nasdaq:ADBE) today announced the call for entries for the eighth annual Adobe® Design Achievement Awards (ADAA). The awards honor talented and promising student graphic designers, photographers, illustrators, animators, digital filmmakers, developers and computer artists from the world’s top institutions of higher education.

Company Expects Q4 Fiscal 2007 Revenue Near High End of Targeted Range; Targets 13 Percent Revenue Growth in Fiscal 2008

Press Release: SAN JOSE, Calif.–(BUSINESS WIRE)–Adobe Systems Incorporated (Nasdaq:ADBE – News) today announced its Board of Directors has appointed current president and chief operating officer Shantanu Narayen as its president and chief executive officer, effective December 1, 2007.

Narayen will also join Adobe’s Board of Directors at that time. Narayen replaces Adobe CEO Bruce Chizen, who will serve the remainder of his term on Adobe’s Board of Directors through the Spring of 2008 and continue in a strategic advisory capacity through the end of fiscal year 2008.

Press Release: DALLAS and SAN JOSE, Calif. — June 6, 2007 — FedEx Kinko’s, an operating company of FedEx Corp. (NYSE: FDX), and Adobe Systems Incorporated (NASDAQ: ADBE) today announced their collaboration to extend the reach of FedEx Kinko’s Print Online application to users of Adobe® Reader® and Adobe Acrobat® software.

Both of the popular Adobe software applications will feature a connection to FedEx Kinko’s Print Online functionality, which provides a fast, convenient way for sending documents for print production to any FedEx Kinko’s Office and Print Center in the United States.

Software Add-On Delivers Direct Access to Google’s Free 3D Content

Press Release: SAN JOSE, Calif. — May 31, 2007 — Adobe Systems Incorporated (Nasdaq:ADBE) and Google Inc. (Nasdaq: GOOG) today announced the Photoshop® CS3 Extended plug-in for the Google 3D Warehouse, enabling Adobe® Photoshop CS3 Extended users to take further advantage of the software’s powerful compositing, painting and image-editing toolset for editing 3D content. With the plug-in, users will be able to query and download free 3D content from the Google 3D Warehouse, Google’s free online repository for 3D models and content, directly within Photoshop CS3 Extended. 3D Content then can be placed, manipulated and used in composites with the new 3D tools in Photoshop CS3 Extended.

New Licensing, Certification and Curriculum for Primary and Secondary Schools

Press Release: SAN JOSE, Calif. — April 24, 2007 — Adobe Systems Incorporated (Nasdaq:ADBE) today announced new site licensing options, curriculum and certification programs for primary and secondary schools deploying Adobe® Creative Suite® 3. The new resources will make it easier for schools to deploy Adobe’s new offering of tightly integrated, industry-leading design and development tools into the curriculum, as well as into career and technical education programs.

Adobe Photoshop CS3 and Flagship Creative Applications Also Available

Press Release: SAN JOSE, Calif. — April 16, 2007 — Adobe Systems Incorporated (Nasdaq:ADBE) today announced the immediate availability of the highly-anticipated Adobe® Creative Suite® 3 Design Premium and Standard editions and Adobe Creative Suite 3 Web Premium and Standard editions. This revolutionary release of brand-new, tightly integrated, design and development software unites the best of Adobe and former Macromedia® product innovation to provide designers and developers worldwide with a broad spectrum of creative options.

Also available for purchase today are new versions of the following stand alone Adobe creative applications: Adobe Photoshop® CS3, Adobe Photoshop CS3 Extended, Adobe InDesign® CS3, Adobe Illustrator® CS3, Adobe Flash® CS3 Professional, Adobe Dreamweaver® CS3, Adobe Fireworks® CS3, and Adobe Contribute® CS3. These new Adobe CS3 applications and Adobe Creative Suite 3 editions are available as Universal applications for both PowerPC® and Intel-based Macs and support both Microsoft® Windows® XP and Windows Vista™. Customers will experience increased levels of performance and speed running Creative Suite 3 natively on Intel-based Macintosh systems and the latest Windows hardware.

Photoshop CS3 and Photoshop CS3 Extended Push the Boundaries of Digital Imaging

Press Release: SAN JOSE, Calif. — March 27, 2007 — Adobe Systems Incorporated (Nasdaq:ADBE) today announced Adobe® Photoshop® CS3 and Photoshop CS3 Extended, two new editions of the professional industry standard for digital imaging. Photoshop CS3 software is a major upgrade, offering new innovations in editing power and productivity for designers and photographers. The addition of an entirely new version of Photoshop, Photoshop CS3 Extended, means creative professionals can now discover new dimensions in digital imaging, harnessing everything in Photoshop CS3 plus groundbreaking tools for 3-D, motion graphics, image measurement and analysis. Photoshop CS3 Extended expands the boundaries of digital imaging, simplifying the workflows for professionals in architecture, engineering, medicine, and science.

Largest Software Release in Adobe’s 25-year History Revolutionizes Creative Workflows

Press Release: SAN JOSE, Calif. — March 27, 2007 — Adobe Systems Incorporated (Nasdaq:ADBE) today announced the Adobe® Creative Suite® 3 product line, a revolutionary offering of tightly integrated, industry-leading design and development tools for virtually every creative workflow. Adobe’s new Creative Suite 3 line-up unites the best of Adobe and Macromedia® product innovation to provide designers and developers with a broad spectrum of creative options for all facets of print, web, mobile, interactive, film, and video production. There are six all-new configurations of Adobe Creative Suite 3. These include, Adobe Creative Suite 3 Design Premium and Design Standard editions; Adobe Creative Suite 3 Web Premium and Web Standard editions; and Adobe Creative Suite 3 Production Premium (see separate releases). Rounding out the product line is Adobe Creative Suite Master Collection which combines 12 of Adobe’s new design and development applications in a single box—the most comprehensive creative environment ever delivered.

AIIM to Facilitate ISO Standards Process for Leading Electronic Document Format

SAN JOSE, Calif. — Jan. 29, 2007 — Adobe Systems Incorporated (Nasdaq:ADBE) today announced that it intends to release the full Portable Document Format (PDF) 1.7 specification to AIIM, the Enterprise Content Management Association, for the purpose of publication by the International Organization for Standardization (ISO).

SIMPLIFY PHOTOGRAPHY FROM SHOOT TO FINISH

Adobe Announces Adobe® Photoshop® Lightroom™–the professional photographer’s essential toolbox provides one easy application for managing, adjusting and presenting large volumes of digital photographs so you can spend less time in front of the computer and more time behind the lens. From its elegant, uncluttered interface to its carefully tailored tools and features, Lightroom was designed specifically to meet photographers’ needs.

Company Also Previews Adobe Bridge and All-New Adobe Device Central

SAN JOSE, Calif. — Dec. 14, 2006 — Adobe Systems Incorporated (Nasdaq:ADBE) will introduce a beta version of Adobe® Photoshop® CS3 software, the next release of the world standard in digital imaging, on Friday, December 15th. Adobe is delivering a widely available Photoshop CS3 beta to enable customers to more easily transition to the latest hardware platforms, particularly Apple’s new Intel-based systems. The beta is available as a Universal Binary for the Macintosh platform, as well as for Microsoft® Windows® XP and Windows Vista computers. The final shipping release of Adobe Photoshop CS3 is planned for Spring 2007. The software can be downloaded at: http://labs.adobe.com, in the early hours Pacific Standard Time on December 15.

Adobe Is World’s First to Achieve Three Platinum-Level Certifications for Energy and Environmental Design Excellence

Premier Global Student Competition Recognizes the Best Student Work in Design, Film and Interactive Content for the Web; Expands to Include 30 Countries

SAN JOSE, Calif. — Nov. 1, 2006 — Adobe Systems Incorporated (Nasdaq:ADBE) today announced its call for entries to the seventh annual Adobe Design Achievement Awards (ADAA). The program honors and recognizes the most talented and promising student designers, photographers, illustrators, animators and digital filmmakers from the world’s top design, film, interactive and Web higher education programs. This year, the competition will accept entries from 30 participating countries.

Company Reaffirms Fourth Quarter Revenue Target Range

Press Release: SAN JOSE, Calif. — Oct. 25, 2006 — Adobe Systems Incorporated (NASDAQ: ADBE) today is providing its regular intra-quarter business update for its fourth quarter of fiscal 2006, which ends December 1, 2006.

With more than five weeks remaining in its fourth quarter, Adobe reaffirmed it believes the Company will achieve quarterly revenue of $655 to $685 million. This original revenue target range was provided by the Company on September 14, 2006.