 Nintendo has licensed other properties, for example, the Chinese mobile game "King of Glory" (known as "Arena of Valor" in Western markets) has used Mario characters under license from Nintendo.The decision to stay out of the mobile gaming area, along with poor sales of the Wii U, lead Nintendo to undergo several underperforming quarters up through 2014.With Nintendo issuing a lowering of its financial forecast for its 2014 fiscal year, Iwata said "Given the expansion of smart devices, we are naturally studying how smart devices can be used to grow the game-player business," but that "It's not as simple as enabling Mario to move on a smartphone."