Adobe announced that it would be discontinuing Photoshop Touch late next week.

Adobe will pull Photoshop Touch from the App Store on May 28. The company now believes that users are better served by the free apps they have released to the App Store over the last year, which bring you new ways to edit photos, and will even let you edit video.

From Adobe:

Sometimes building for the future means we need to make hard choices and today I am also announcing that we are discontinuing Photoshop Touch. For those of you who have been using Photoshop Touch, thank you and please continue creating amazing work with it; while it will no longer be available in stores as of May 28th and we won't ship further updates, it will remain completely functional on your devices for the foreseeable future.

Adobe also announced Project Rigel, a new mobile photo retouching solution due in late 2015, which they showed off in this video here:

Both the iPhone and iPad versions of Photoshop Touch will be discontinued. No word on whether or not Adobe will also discontinue Photoshop Express.

Source: Adobe