What does the question mark and the colon (?: ternary operator) mean in objective-c?

Question

What does this line of code mean?

label.frame = (inPseudoEditMode) ? kLabelIndentedRect : kLabelRect;

The ? and :

Answer 1

int padding = ([[UIScreen mainScreen] bounds].size.height <= 480) ? 15 : 55;

means

int padding; 
if ([[UIScreen mainScreen] bounds].size.height <= 480)
  padding = 15;
else
  padding = 55;