Is there any good OCR API for iPhone and/or Android phones?
 Would like to do the following: take picture and convert the text in image into encoded text .  I was just wondering if there are any companies providing OCR API for iPhone and/or Android phones?  
You will find some more information over here - ABBYY Mobile OCR Engine for Iphone
There is a port of the Google Tesseract OCR 2.4 to Android apparently. See Using tesseract on android
Have you looked at Tesseract OCR?
Also mentioned here: Business card reader or OCR Library for iPhone SDK
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