Flash died because Microsoft was agressingly nipping at Adobe on the commercial side with Silverlight, because standard bodies were finally chipping away at its feature advantages with long-needed improvements to HTML, CSS, and Javascript, and most impactfully of of all: because Steve Jobs decreed it.
The death knell for Flash sounded exactly when the market-revolutionizing iPhone refused to support altogether.
But all of that's just about the runtime platform. The posted app calls back to the Flash editor itself, which was extremely mature and powerul but had too much inertia to successfully pivot to targeting HTML or apps before Adobe would give up on it.
Later apps have come, but inevitably start far behind the features that Flash offered designers, animators, and developers at its peak.