Using Flash's components is not recommended for mobile applications.
You can create your own player by placing a Video object on stage, and few lines of code.
var connection_nc:NetConnection = new NetConnection();
var stream_ns:NetStream = new NetStream(connection_nc);
Where my_video is the video object on stage.
Hope it helps,
// chall3ng3r //
I don't want to be rude but this answer doesn't really help much. I have cricket balls website and I would like to incorporate a blog with MP4 videos but I am concerned about moblie devices and flash.