As most reading this will be well aware, plenty of headlines are currently being made by the UK referendum result on whether to remain in the EU or to leave. The result was for Leave, and as a result financial markets (and the British pound) have fallen around the globe; Nintendo along with many others has been affected.
Combining a drop of 7.54% in share value with fairly modest levels in recent months, the closing price of 13,800 Yen on Nintendo shares is actually the lowest it's been since early March 2015. You can see Bloomberg graphs for the last day, month and year below.
As mentioned above, this has been driven be general trends in global markets. Declines of 7-9% have taken place in stock markets around the globe. The Guardian reports that the Tokyo Stock Market (in which Nintendo's core shares sit) fell by around 7% at the close of trading on 24th June, "the biggest one-day fall since the Fukushima disaster in 2011".
Though there has been a clear shock to the markets, in the coming days, weeks, months and years they'll naturally adjust and (probably) return to normality. Nintendo's drop in share value is ultimately tied to that wider decline, too, so would be expected to climb with the general stock market as that occurs.
It's another reminder, though, how external factors can affect a company's overall value and assets - Nintendo, thankfully, currently has extensive resources and money in the bank.
[source bloomberg.com, via theguardian.com]
Buy up now!
how do i buy shares
The fact that most of them had dropped before there had even been a clear result shows how meaningless this sort of thing is in the short term.
Nintendo's not even that big in the UK market to begin with. Their stock will rebound soon. As for the UK itself, I fear it won't.
Jaysus, bad day everywhere today.
I'm just waiting for someone to somehow use this news to confirm that Nintendo is doomed.
How very saddening.
Bayonetta 2 dropped through my letterbox today... it failed to lift my gloom. With the renewed smear campaign against Michael Jackson, timed to coincide with his Anniversary tomorrow, the terrifying, in my opinion, Leave vote winning, it's been a bad week. I fear we will regret this for decades.
Markets don't like uncertainty, the fact that there wasn't an immediately clear result would have shaken things. The fact that the result was to leave has shaken things even more because now there's even less certainty.
I'll put it this way. Lets imagine that today Nintendo said they were going to make an announcement regarding hardware next month. Lets also imagine that you had planned to buy a New 3DS tomorrow. Would you still buy the New 3DS? Or would you wait and see what their announcement was first? Ask that of 1000 people in that position and I reckon quite a number would choose to wait.
That's basically what stock markets do. They approach uncertainty with caution. It's not necessarily a reflection on whether the expected result is good or bad. It's just a reflection of the fact that they don't know what's going to happen.
Wow I didn't though that Brexit would affect Nintendo that hard. But all Tókio and Japan are down so it makes sense,I guess.
The effects are immediately noticable, not just for Britain, but for all countries and companies around the world, especially those in the EU. This is what the stock market in Amsterdam looks like now.
And from what I've read, the pound hasn't been this low since 1985.
To all people in Britain who voted against the Brexit, I wish you the best of luck. This'll be a long and complicated process. I sincerely hope you guys'll make it out ok, but to be honest, I'm not very hopeful. Maybe I'm just pessimistic, but I guess we'll just have to wait and see. Let's get over the initial shock first, and then see where things go. I hope in a good direction.
This will affect my children, their children. I don't believe it will seriously affect the majority of those who actually voted for it. Unbelievable.
That's a good analogy with the 3DS. Yes, I do vaguely understand how it works.
The fact that anyone's acting surprised at this just seems a bit silly. That point after you decide not get the 3DS, you are quite bummed for a while until something comes along to replace it.
Yeah, I'm sure none of them had children at all You didn't think for very long on that one.
@Dezzy From what it seems, most who wanted to leave were old people and lots of young people didn't vote at all.
Yeah, thanks Britain, for nothing. I saw in a social media research done on the topic, that it was predominantly the young and people with a higher education that voted to stay in, while the nay sayers largely consisted of older people and people with no or only basic education.
Makes it all but clear that the "winners" weren't thinking with their heads but with their hearts, which was already evident in the run up to this result, with a lot of [email protected] spouting nonsense like "taking our country back" and what not. History and nostalgia certainly clouded a lot of minds there, methinks...
It might "feel" good to them now, but sooner or later, they will land again, and then reality will hit them.
Even the Scottish want none of this nonsense, since they are now looking into separating themselves from the rest of Great Britain again. I think the British will ultimately not be better off, since if Scotland succeeds in separating itself, it would be fairly realistic to expect the Irish to do the same, making the "kingdom" small and divided, which simply can't be a good thing...
Oh, well. That's democracy for ya. Even dumb people get a say in things...
@MJInnocent Ironically, it probably will; the working classes apparently voted in a bid to oust Cameron and close up the borders, seemingly unaware that it will hit them the hardest in the long-run. Ignorance and bigotry won today.
@Dezzy it will affect their children too, of course. My point is the voting statistics indicate that older voters generally voted to leave, their vote has been successful and will impact the younger generation of voters who generally, according to the statistics, voted to remain. It's done now & is irreversible and will affect future generations. A work colleague of mine told me yesterday her daughter was voting to remain, the first time she's ever voted, and is at such serious loggerheads with her Father that she won't tell either of them how she voted. Let's not fall out or row please.
I voted for Remain. And I still stand by my vote. I personally think this was a travesty and not only damaged the entire world's economy now can no longer call itself the United Kingdom
Many friends and family have been tearing each other apart in votes, Northern Ireland and Scotland want to separate from the rest of the country, David Cameron has resigned...
United Kingdom? Welcome to the Divided Kingdom
I agree with much of the sentiment here, but thank goodness we still have some say in how things are shaped from now on. It's not like there were plans laid out stating what policies would be in the case of an exit beyond "getting our country back". The whole thing was run basically on nebulous principles and misinformation. Trump, Putin and Johnson on the world stage? Terrifying. We keep fighting for what's right.
I think they worded the referendum question badly. It should have been worded:
"Do you want a recession or not?"
@Sakura Trump thinks this is a great thing... That's enough to scare me lots.
@MJInnocent - no profanity, please, partially censored or not.
@Sakura Hopefully the US isn't dumb enough to make Trump president.
@ThanosReXXX I completely agree with everything you say. As far as I can tell, the U.K. is screwed and I think we'll be feeling the affects for decades to come.
@GrandpaPixel The Divided Kingdom? Yeah, sad but true I guess. Would make a great name for a location in a Zelda game, though...
@Grumblevolcano I really hope so. Come on, America, we need you!
Edit: to not vote in Trump.
@GravyThief Thanks for you support. And thanks Nintendo for releasing Tokyo Mirage Sessions today. I need that
@ThanosReXXX The Legend of Zelda: Kingdom Divided. See the rise of Calamity Johnson
Even a Nintendo site isn't free from the effects of brexit. :----)
@ThanosReXXX I want to change my YouTube name from British let's plays. It's that damn bad. Ugh
@GrandpaPixel Now if only Nigel would have had a disembodied voice telling him to "wake up"...
The barren landscape and ruins make a great synonym as well...
Isn't nintendo's market pretty weak in the UK anyways.
I'm curious how this will affect NOE. There based in Germany, right? So will they essentially be exporting products to the UK. I mean, unless they establish NOUK - Britians could very well just import Nintendo products from America, if they get a better deal.
I would assume nintendo fans in UK will have to pay more - similar to Australia. Well, maybe not as expensive. Idk
UK is just fine and going to be, markets fall and crash all the time, this isn't the first time its happened and no doubt will not be the last, its happened to Nintendo before........did it end them?....
We are British, we survive, we are not even 24 hours into this vote and everybody is crapping themselves lol, ffs get real..............
The MAJORITY voted out, stop crying.......
I hope the UK recovers from this initial backlash, and takes the reigns of its own nation.
Is it just me, or is the premise of your complaint that older people shouldn't get to vote, since they won't be part of the future that vote creates (or at least, not for as long)?
I'm not a Trump person, but I'd prefer him by far to Hillary. Everything she says is either a lie, or terrifying (though, in fairness, her supporters say the same about Trump).
Does somebody here want to tell me why British people thought it was a good thing? Cause everyone's making it sound like the end of the world...and then how could it have passed?
@TrueWiiMaster Yeah my logic is going the same way right now.
@ThanosReXXX This is a Shiekah Braincell Nigel...take it...
@MasterWario An hour before polls closed people started searching for what happens if we go
@MasterWario seriously we have no idea how it happened, The leave campaign was caught out on lying on its three big reasons to leave and since winning have seemingly back tracked on their promise about the extra money going to the NHS. its like a fair amount of the voters wasn't motivated by the data...
@MasterWario it doesn't help that this vote will likely see Scotland leave the UK and even Ireland is talking about leaving.
This would effectively end the UK as an entity leaving only England and Wales
@Grumblevolcano That's the problem with voting in Britain right there! Young people don't realise the importance of voting and as such voting is done in the interests of the here and now, not the future.
I am genuinely terrified for my family's financial security and my children's futures. My whole family, including my son (who had his first vote yesterday) voted to stay. Seriously considering moving to Scotland (assuming they vote to leave the UK). Or possibly Canada.
I wonder how many people voted to Leave because "Call me Dave" wanted them to vote Remain?
I am so ashamed to be British today. As a country we have just proved ourselves to be small minded, selfish, petty, racist and downright stupid.
@remag The majority? Yeah, the old, weak, dumb, uninformed, nostalgic, under-educated and brainwashed majority...
All the Brits that voted out will find out soon enough that is is not going to be at all like what they imagined.
And games-wise there may very well be more or new obstructions for importing those because of Britain now getting separate import/export rules, so for that part of the industry it isn't going to be a positive thing either...
You hit the nail on the head. Scotland will certainly go for the second vote for Independence, and this time it'll go through...and if that happens, Ireland will try to take back Northern Ireland, through a vote or at worse force...absolutely shocking, stunning. To my UK friends and acquaintances on here, hang tight, and good luck. Here in the States...Jesus, hopefully we won't make the same disastrous decision come November.
Back to the Stock Market though...I plan on keeping an eye on things for the next few months. Nintendo should be fine, in the long run, but UK, Europe and the Americas will likely see major ramifications from this decision for months to come.
@ThanosReXXX The whole Brexit thing seemed like some kind of British form of "Make America Great Again!" crap...
the scots wanted out months and months ago before this?....
"old people and no or basic educated people voted out"....so your saying most people in the UK are old or thick because the MAJORITY won?.......your level of intelligence is must be very low to have that kind of attitude, you would be at home here eh?
@TrueWiiMaster that's a dangerous suggestion to make, and it is of course not true, it was an observation, one not made originally or solely by me. The majority vote won, regardless of who made the vote, and that's the way it should be.
@ThanosReXXX The only good thing that I can see coming out of this farce is the possibility of a happily reunited Ireland. I just hope "happily" is the operative word there. I lived through the English side of the Troubles - sacks over post boxes, department store bombings (lost a classmate in one of those) and all that. I'll be praying none of that ever happens again.
I think you will find a lot more countries seeing sense and opting out now too, especially as they have been trying for a while now.
We joined the EEC as it was called then when it started in 1973, we did just fine before and we will do now also...........
I've just heard from a friend that their parents asked how they wanted to vote, and did as their children asked. Because, you know, it's the younger people that will feel the impact of this in decades to come.
I wish more people were like that.
On topic more, I have a feeling Nintendo fans in the UK are going to be screwed as we're not exactly the biggest consumers of their products and we will now have to 'import' our products from NOE.
@remag No, if you'd have read my previous comment, then you would have known that these facts are based upon social media research, among others, and that showed that most voters that wanted to stay, were young and/or had a higher education, while the nay sayers were considerably older and also consisted largely of lower educated people.
@remag not saying that the EU is all that wonderful, but all kinds of countries going on their own, having tons of different rules and regulations and so on again, really isn't a good thing. That used to work back then, but we've moved on since.
It makes for a completely divided Europe caught in between the two world powers of the USA and Russia.
Voting needs to be done with the brain, not with the heart.
@Grumblevolcano Working age people. It was those who are either those in college age brits who voted to remain. Most likely your common brit who works in factories and slaving away.
It's a real shame and it's a sad day but things can go back to normal after a Brexit. All Britain needs is a brilliant Prime Minister with immense integrity, tons of charisma, amazing negotiation skills, a quick mind and a big heart. Hey, a guy can dream, right?
@link422007 From stats I saw it was actually mostly retired people (65+) that voted to leave.
I'm not British, but I think the common sentiment was they were paying too much to the EU, and they disliked their stance on refugees and immigration.
Weve moved on since when?.....
Britain being in the EU isn't going to change jack world wise, is the EU powerless without our little country?
And there crazy rules
@abe_hikura Well dang, that is bad; no wonder so many are upset. Thank you for sharing, I appreciate it.
And unfortunately data is always a hard thing when it comes to voting; I say that from experience. Like, where do you go to get data that isn't biased? Is that even possible? What do I do if a site claiming to be neutral only shares information about a hypothetical "green" party and not a "yellow" party? How will I know this "yellow" party ever even has news?
@WinterWarm Thanks as well!
Today is a great day for the Brits! As an American, I am no Trump supporter and if you think Hillary is a good choice you are a complete idiot.
Now we Americans need to exit the UN and kick them out of our Country.
The bigots and Jeremy Kyle hopefuls will destroy this country.. the British farmers will feel this hard within the next couple of years and obviously beyond..
A lot of other countries are trying to get out, they have been trying for a while now
@TrueWiiMaster Hillary is a horrible person, true, but at least she has experience in government and can control her temperament. Also her foreign policy and economic plans are far better than Trump's. Also, there's the added bonus of her not saying minorities are rapists, criminals, or terrorists.
If I were old enough, I would've liked to have voted for Sanders, but Hillary's second and Trump should never be considered...
Not really looking to get into an argument over this but I wish Britain had voted to stay.
You do realize the EU and the UN are different, right?
??? Our farmers wont have to throw half there products away because they are the wrong shape or size, I think they will be ok...................
@remag It's not about one country, it's about a united Europe. It's like a large house built on concrete columns. It needs all of them, because if we start taking away some of them in random places, then the house will topple.
Like I said, the EU isn't perfect or anything, but at least they try and work to come up with rules that are good for the whole of Europe, even though it sometimes takes them ages to get there.
The people in Britain were lied to, for example about tons of refugees knocking at the door, which isn't the case at all.
The whole "taking the country back" slogan is ridiculous too, since you never lost it to begin with, so there's nothing to take back either, except the burden of isolation, separate rules and regulations, and more troubles for the coming generations.
Well, if that's what you were going for, congratulations...
@WinterWarm They really weren't paying too much. Norway, which has a special deal with the EU for trade (and trade alone, no financial transactions nor services), pays twice as much per head than Britain. Plus, Norway cannot vote on EU rulings and has to accept the free movement of people from EU.
Switzerland has a similar agreement. Also has to accept EU citizens.
Are those the kind of deals Farage and Johnson promised Brits that would be so much better than membership? Quid pro quo, one cannot expect the EU to give you everything you want, and give them nothing in return.
A lot of these reactions are quite frankly disgusting. To be honest I would've preferred to Remain than have so many people have such contempt for half the populaton.
Theres nothing to argue about, I'm English in the UK, I don't go about telling other people in other countries what they can and cant do, what they should and shouldn't do.........that's it really
@Samurai_Goroh Yes, I agree they weren't paying too much, just stating the arguments some had for leaving.
@remag I understand.
@MrYuzhai Jeremy Kyle contestants are what I picture in my mind when I think of leave voters. And Alf Garnetts.
@remag Had to edit profanity out of two of your posts in this section. We have a clear 'no profanity' rule here, so please ensure you stop using it, including any partially censored profanity.
So I wonder if we'll still be under the Nintendo of Europe umbrella or would Nintendo have to create a Nintendo UK that handles our releases and promotions?
@remag my brother in law, (well he will be when I get married next year), is a farmer. He voted to remain.
@remag the EU funds way more than 50% of British farmers via grants & subs.
Really interesting seeing the different opinions of people I've seen comment before.
@MasterWario well that's the really weird thing almost every source from every sector International, economic, diplomatic, military, social and science said Brexit was a really, really bad Idea. The only groups who seemed to be for it was the far right groups, those who'd benefit from new trade deals, putin and trump... not exactly a glowing list of recommendations.
the challenge now is going to be trying to patch the people back together this has caused so much friction between people.
Nah its more like a house in a street that's yours, do you let everyone in the street just walk into your house when they want, do you let them tell you what you can and cant do in your own home???
Its respect for each other, my neighbours like and do different things.....so what!!!
Countries dictated other countries doesn't work, its a dangerous thing, good luck with staying in while it lasts and I hope they don't change your country and ways to much before your out
@GravyThief it's shocking that the old and the uneducated have jeopardised the future of their children and their children's children all because of their banana mentalities
@MrYuzhai I understand the discussion can get heated at times, but please let's keep this comment section civil - Octane
@Angelic_Lapras_King I wonder about the cost of games, the physical media is made in the EU, which means once we're out there will be import tax/tariffs onto of the usual costs
I'm sure that everything will work itself out and stabilise pretty quickly, but as a Scottish man who was deeply proud of being part of the European project, today is an incredibly sad day that bodes ill for all of Western society. We are all less safe, less open, less trusting and less influential because of the decision taken by many people who simply didn't understand what they had to lose by leaving.
This is the start of a very steep downward spiral. Sad, sad day.
@remag dude wtf are you talking about? The worst analogy ever.
That's one out of thousands, I'm sure plenty voted out too, its done now...........
@abe_hikura you're probably right.. maybe the NX will cost £500 now lol..
@MrYuzhai nah, we're still in the EU for 28 months or so, no import tax, no levy or tariffs for the NX
The scots wanted out of GB lol
And your point is......
@remag No, that's a REALLY bad comparison and you're not getting the point. Allow me to clarify: what I meant was that the European Union is the house and the concrete pillars are the countries, so I'm not talking about your country as your house that everyone is just entering without your permission.
And the EEC, when working the right way, is not about telling other countries what to do, it's about all countries coming together and deciding together what to do, so they come to agreements.
And FYI: I'm an American, even though I live and work in the Netherlands, so the EU falling apart will not effect me in the slightest. If it gets really bad here, I'll just move back to the States.
You were all willing to destabilize the UK but crying about being out of EU and its short term effects?
@WinterWarm You're right about the common sentiment being that we pay too much into the EU without getting much back. Problem is, that sentiment was and is wrong. We don't get as much back from the EU as we pay in, that is true - but the amount we get from being in the EU more than compensates.
Some of us also think that it's not a bad thing to give others a helping hand if they need it.
@remag Your response confuses me, but let's have a go.
Scotland voted to stay IN the UK. I did not.
Scotland was told that the only way to stay in the EU would be to vote against independence. Cameron is a moron and promised a Brexit vote so he could stay in power. The UK is now leaving the EU, despite the whole of Scotland voting to stay in the EU.
Now- stop playing politics with your nasty little snide remarks. You clearly are one of those many people who simply weren't educated on the subject, and for that, blame your beloved Westminster
Your comment has been deleted as it was abusive and inflammatory.
Please control your emotions when posting here and do not make derogatory comments about individuals. Thanks.
Oh, so if it goes wrong you can just walk away lol, well we live here and have to do right.
I really cant see what the problem is, theres been a vote, its been decided, no going back.
A Nintendo site? oh I must be too old and uneducated to of realised..........DUH
@remag yes true, just making a small point concerning my own personal experience.
@ThanosReXXX WOO BOOZE!!! I live in this damn country. And even people I know who voted leave, like my fiancé, are outright furious that they were lied to. Entirely.
@remag And you come up with yet another fallacy. Germany once voted for Hitler too, you know...
And it is "to have realized". Working class, I suppose...
@HandheldGuru97 "Ireland will try to take back Northern Ireland, through a vote or at worse force"
lol, Ireland have no desire to unite with Northern Ireland. The majority living in Northern Ireland are of British and Scottish descent and NI is Protestant while Ireland is Catholic. They're completely different people culturally. And force is just laughable.
@BLPs I can imagine, my friend. And yet, there is at least the positive notion that they are intelligent enough to realize that, so it can be dealt with in future politics. Cheers!
@remag Please don't engage in discussion with abusive posters. The comment you quoted here has been reported and deleted.
Don't let others drag you down into negative posting. Just report them and ignore.
not in capital letters it isn't
@BLPs The moral of this is "never believe a politician". The BBC had a very, very good and in-depth analysis of the arguments for and against. It's been available for anyone who wanted to know the reality for a long time. Google BBC Reality Check. Too late now, of course - but I think if the Leave voters had actually educated themselves and not just listened to the rhetoric the vote would have been different.
@ThanosReXXX Ditto on that, This morning I found someone had written "Farage's a c#$%, signed by human decency", I'm glad humour has yet to die in this meaningless referen-dumb.
@ThanosReXXX She's a smart girl, and the way the leave campaign painted it, it all sounded ya know, at least doable. But for them to turn around effective immediately and say "Yeah we lied" is downright infuriating. I expect mobs and racism and god knows what by the end of the night when people get drunk in bars.
I don't hold it against her. Never would. I love her and care for her. And she's just as infuriated. XD
Shame they are not selling the NX to us now, we would have to pay more for it, hence more profit for them.
@HappyMaskedGuy "We are all less safe, less open, less trusting and less influential"
Less influential? We're the fifth biggest economy in the world. Less safe? Why? Germany going to invade us again lol. Scotland can't afford to leave the UK, you need us English as your so poor. The English see the Scots as a thorn in their side.
@DizziParadise I think the majority of leave, at least 10 million, were pushed by rhetoric. And its biting them now. Hard.
@ThanosReXXX She just text me on her way back from work. "No matter how this country turns out now, it cant take you away from me". And this is why I love her XD
@Bsham Scotland does have oil, you know...
@RealPoketendoNL how can we not be ok, we have Trump on our side.
They don't need us, we are all old and stupid, until they are banging on our door to save there asses.....AGAIN
@BLPs Farage this morning... I don't think I've ever seen anyone so loathsome. As soon as the result was in he was backtracking on the extra money for the NHS - which anyone who had read the article referenced above (among others) would have known was a lie from the start. And great that he and the rest of the "Leave"ers were accusing the "Remain"ers of fear mongering - until this morning, when the country discovered that was the pot calling the kettle black. The man is disgusting.
I am sorry for your fiancee that she believed the crap she was fed by people like him. I'm glad the two of you have each other to lean on.
@Samurai_Goroh North Sea oil is running out.
Funny, they're all coming out the woodwork now.
You realise that I am one Scottish man, and that I am not actually the entire population of Scotland right? Also, Scotland are not that poor. Learn some economics chaps. Now, I bid you farewell- enjoy stewing in your own hate. Plenty of that to go around today!
@BLPs Stop it, man. You're making me feel all emotional...
Oh and the markets have the pound at its lowest value in 30 years.
Clap yourselves on the back
If you are going to engage in political discussion on this site, KEEP IT CIVIL AND RESPECTFUL or go elsewhere.
So much fuss over a decision made by a democratic majority...
@DizziParadise I wont lie man. I fully EXPECT a witch hunt for that man. A lot of people were going on promises, but since no one has ever left the EU, its kinda all they had. What shocks me is how damn fast he turned around and said it. And in his early morning speech he said it was a victory "For ordinary people, for decent people" and that had the alarm bells going immediately. That man's concept of decent is....jesus.
And yeah, I have her. She has me. We love each other. All I need right now. That and a sniper sight aimed at Knock-Off Nigel.
@ThanosReXXX time to admit I have some optimism bro. Kay keeps me going.
OH NO We are all doomed.................the end is nigh
@gcunit A democratic majority? That wasn't a democratic majority. That was a lot of people who believed a lot of lies.
@remag Says the man who has already been warned twice in this thread... tssk, tssk...
@BLPs I think you'll need to join the queue regarding the sniper sight. Best not to say more here though - some parties reading this may not have a sense of humour.
@ThanosReXXX Are you stirring?
@BLPs Politicians always spin a nice tale. But honestly, when have they ever spoken the truth? It's almost always campaign speak and once they're running the show, the backpedaling and excuses start pouring out...
@gcunit No, I'm not. That was just an observation. I hate hypocrisy.
@DizziParadise My sense of humour is so delightfully dark XD I love it.
@DizziParadise With respect, I think it's very presumptuous to assume you know what people based their vote on.
The majority voted leave. Regardless of the reasons, democracies support the majority first and foremost.
FWIW, I didn't vote and couldn't care less either way, but I'm seeing a lot of people overreacting to something where there was never a 'right' answer in the first place.
@HappyMaskedGuy Pound is low due to uncertainty that will bounce back in time
@AsianDomination - that post you just made was inappropriate for this site and has been deleted.
Be respectful and don't use inappropriate language. Thanks.
@gcunit Also with respect, I think it wise to look at what a "Leave" vote was supposed to mean, according to all the Leave campaign's propaganda. A large swathe of that propaganda has now been exposed as lies - or, at the very least, stretching the truth - by their own politicians. Therefore, it is not presumptuous in the slightest to assume that some people were taken in by those lies and voted the way they did because they believed them.
Edited to add the word "some" - I do not intend to imply that everyone who voted Leave believed one thing or another. Merely that, since some of the statements made by the Leave campaign have now been exposed as lies, it would not be surprising that some people voted on the basis of believing those lies.
@DizziParadise there is actually a very popular petition to trigger a 2nd referendum, I believe there is an EU law that lets that happen for "reasons"
@DizziParadise "As soon as the result was in he was backtracking on the extra money for the NHS"
Farage is not in government so he has no say in extra money going to the NHS. He only said that as the dumb reporter asked him the question when she shouldn't have as he has no power to decide that as he's not in government.
GI's got in touch with UK developers
@DizziParadise I think you may underestimate the number of people who voted based on the principle of independence rather than any 'facts' or propaganda that many people knew couldn't be relied upon for a reliable long term forecast.
@Bsham People still believed it though. And some people (including my own parents) voted Leave at least partly because they believed that particular lie. It wasn't pointed out, unless you actively looked for it (or knew already) that Farage was in no position to make that promise.
@gcunit Well then, we'll see what that "independence" gets us. For me, I feel worse about this than about last year's election. And that's saying a lot.
@abe_hikura Really? Now that is interesting...
Would be good, in a way, to have something like a cooling off period - except that instead of things staying the same as they are, they become what they are going to be. Let the people experience living with what this decision really means for them, good or bad, for about 6 months or so and then have a final referendum.
@DizziParadise That's understandable, but I find it helps not to get emotionally invested in political matters.
Voters complain about apathetic non-voters not supporting the democratic process, but when the apathetic finally get interested enough to cast their vote, the same sort of people complain that the new voters are too ignorant and gullible.
Democracy has pros and cons.
As always, ignorance is bliss.
Nothing to do now but see what happens.
@RealPoketendoNL That graph reminds me of so many textbook examples of misleading graphs. Not saying that you're trying to be misleading by posting it.
@Grumblevolcano We're dumb enough to make either him or Hillary president, so now it's just a question of exactly how far our stupidity runs.
Let's just hope us in Scotland get independence and leave this sinking ship of a country
Not even the mighty Nintendo is free from the grasp of Brexit...
See what you did England and Wales? Happy now?
@Moshugan That's the scope of how much the political stuff has hit the fan
@nessisonett Sinking? Burning more like, and while the idiots are dancing away, most decent human beings will be jumping off to the well managed Scotland, or anywhere with human decency.
@DizziParadise Si, Just today he went back on his word of giving the money we got from leaving to the nhs.
@abe_hikura If you find a link to this, please, PLEASE, PUT IT ON THIS COMMENT BOARD.
Stocks will always come down, this is common sense.
Ashamed to be British today.
What a weird day, I watched the news until 2 am yesterday (today actually), since I live in Brazil and it was a surprising result. I hope that is for the best of UK, Europe and marketing in general.
@Ed_Fairway I think abe_hikura is talking about this petition: https://petition.parliament.uk/petitions/131215 although i don't think this will change anything. Whatever happens in the UK in the next few years, i'm wishing the best of luck to all of you.
12 hours since the result was all but confirmed and I "Remain" thoroughly disappointed. Today I'm ashamed to be British.
@yopparai Just found it, and cheers my friend
I see we took the opportunity to talk on a vote that has pretty much has nothing to do with Nintendo other than their share price which will surely rebound quickly. Come on, peeps.
All you brexit fans I HOPE YOU FAIL SO HARD. Can't wait to see Nigel Farage get stoned in the streets n_n
@DBPirate Of course it has a lot to do with Nintendo. You know Nintendo could easily ditch releasing products in the UK and yes that includes the NX.
@AyeHaley No regrets from me. Where are you from? If you're European, I hope you enjoy living in the new USSR.
@YorkshireNed Jeremy Corbyn.
@remag British farming gets way more than 50% of its funding from the EU.
@Grumblevolcano Yeah Hillary Clinton isn't any better than Trump. Both options are disastrous, and Hillary shouldn't even be allowed to run after Benghazi.
@Grumblevolcano I doubt they would do that because of a political decision. But, then again, I don't know Nintendo. I just don't think a political conversation is fit for a comment section like this.
Guys I'm from the UK and voted to remain. I've got a genuine stupid question. Since we're a kingdom, can't the Queen just force a re-vote or something "just cause". Like. All we have to do is stay in the EU and all this chaos is lesson learned for the people who overpriced British values.
@Alobeidt No. I think maybe she could, in law (somebody will correct me if I'm wrong about that) but she won't. Her reign (as her father's was before her) has always been about allowing the British people to decide for themselves. There has been a referendum, the British people have voted, she won't act to go back on that vote.
@MrYuzhai Profanity isn't allowed, let's keep this discussion civil - Octane
I'm not even sure how this is allowed on this site, to be honest. I've seen countless previous times on this site, where we were warned about discussing political views and how this is not the right site for it.
@MrYuzhai I hold out hope that Boris won't get the job. Otherwise, I fear your last paragraph may very well come to pass.
@Alobeidt Parliament could call for a general election with a vote of no confidence. However, seeing as the Leave campaign consisted of a few high-profile Members of Parliament, that likely won't happen. The actual vote was clean and fair even if the campaigning beforehand was not.
I think that the decisions taken from now on are way more important that the initial decision to leave. There is room to ensure that the worst case scenarios do not happen concerning human rights, workers' rights, fair pay, immigration, etc.
@MrYuzhai The NHS is already well on the way to privitisation and has been since the Blair/Brown governments. Then, NHS services were opened up to private contractors in order to cut waiting lists. Policies like "right to choose" where you say where you want to be treated mean that money follows the patient so there is competition involved there. Millions is paid to agencies who provide staff to cover shifts where hospitals are understaffed. There, private business is making a huge profit from the public sector that is the NHS. Virgin Healthcare now runs more than a few GP surgeries and services.
As for "have fun dying", well, the NHS is best in the world for palliative care. Nevermind treatment and cure, but we can manage dying.
I am pretty sure they'd be riots if the referendum was not seen to be binding, we have apparently 'improved' our democracy through this decision, after all. I wait with baited breath to see what our British Rights will turn out to be (considering the restrictions this government have put on strikes I can't see it being a huge freedom.)
Ninty may choose to pull out. We are a tiny market and if the value of the pound doesn't suit why would they bother?
She does have experience, but with that experience comes a record, and hers is terrible. And for the record, Trump didn't label any minority group as criminals. He said that many, but not all, illegal immigrants are criminals, which is factually true, and in no way racist (since illegal immigrant is not a race).
@Alobeidt If your queen did such a thing, you could no longer call your country a democracy. The people have made a choice, no matter how ill-advised you and I may think it is, it is their sovereign choice. It is the price to pay for democracy, sometimes the people don't have a clue about what they need. It is ironic how "What is the EU?" became one of most searched queries on Google a day after the referendum. The queen only plays a ceremonial role and doesn't meddle in politics. The moment she started doing so, she would lose popular support one way or the other.
All I'm going to say on the subject is neither side really got my vote because there aren't enough positives and too many negatives either way.
Also, just to lighten the mood a bit
No, the Queen is powerless, she is just a puppet for the government and a tourist attraction. As for over priced British values, that's a disgraceful mockery of millions of peoples lives who have died in wars for your so called "over priced" values....
I've only read the first 50 or so comments but I want to thank the NLife community for their kind words of support for Britain and for the many who tried to keep us on course for being a part of the EU. It's a shame we chose to simultaneously thumb our nose at the world whilst also cutting it off.
I can't believe people would give up control of their country (laws, borders etc.) for free trade. No other country does this. The young and liberals are just ignorant (and registration for voting had to be extended a few days because they were too lazy and dim witted to get off their back side). I guess they don't care about democracy.
Is anyone actually surprised that markets dipped in response to the exit? Everyone knew this would happen going in. It won't be permanent, though. Things will rebound once everything gets sorted out and finalized.
@Judgedean I completely agree with you, but you should be prepared to get dumped on for that comment.
@-Red- It's to keep the mods busy
The forums and the main site have their own separate rules (sort of) about what's allowed and what not (just like hacking and console modding of current gen systems). This topic sort of relates to Nintendo, but I don't think anyone, bar three people, mentioned Nintendo's share prices yet.
People going overboard with reactions to this.
The UK is not 7-9% of the global economy and the UK is one of Nintendo's weaker regions anyways.
Thankfully Great Britain stopped buying Nintendo stuff at the start of this generation, so long term, Nintendo should be able to bounce back faster than most world businesses that do trading with the UK.
As for the world economy in general... well if your 401K was big and you were thinking about retiring soon... well you won't be retiring after all.
I typically roll my eyes at everything about modern Britain, most of all Nintendolife, but today I am quite pleased that so many people there raised their voice in opposition to a backwards way of thinking. I can only hope my country does the same in November.
I love how our country thinks it can survive on our own, but we all freaked back in October when they introduced a 5p charge for carrier bags...
Being part of the EU has nothing to do with losing independence. It's not like the EU forces laws on the member states, ministers etc. from all over the EU negotiate and vote. They have a say in the law making. But blaming the EU is the easy way in case of laws that the general public might not like.
The things that are going on in the world now are really scary.
@Dakt Thank you for crediting me with responsibility for about 98% of the comments here, but I think you'll find the horse was half-way across town before I arrived at the yard and found the stable door open.
And given that this article is specifically about the impact of Brexit, which was announced today and seems to be pretty big news, I'd say a discussion about Brexit is totes relevant. I'm not sure why anyone would have a problem with that, it's not like this article was going to stimulate much in the way of video game chatter anyway.
Why am I not surprised?
@dizzy_boy That video made me laugh so hard. Thanks for posting. Love it!
I didn't know that Nintendo Life's readership was so leftest.Good thing politics aren't brought up here a lot of the time.If there were a vote to form some kind of North American Union I know I would resoundingly vote no.
Less than 24 hours and everyone is so worried their lives are going down the drain.
I have been devastated all day. Nintendolife was the last place I thought I'd see talk of Brexit, having a look to escape and cheer myself up before bed. I, too, am ashamed to be British today, as is nearly half the country that voted to stay. I hope that we can make it out of this.
@NandN3ds i imagine there's a lot of cross-over with the type of people who post here and far-left sites like neoGAF.
Dude you just made my day....."I can't believe people would give up control of their country (laws, borders etc.) for free trade. No other country does this."......honestly is the stupidest thing I've read in ages. You do realise there are many other member countries in the eu right? It's not like England and Europe shake hands. Otherwise read up on politics before you post. The world is filled with trade agreements, border responsibility sharing and greater governing. This was just one of many world governing bodies which now won't feature our tiny island, nothing unique there......
Yesterday was not a good day for us. As a Brit I'm ashamed that bigots have won, our country is now divided right down the middle, it looks as if the scots are going to try gain independence again and the shockwaves of this mess are clearly being felt around the world. I voted remain but the dumbasses have essentially ruined our future.
@DarkmarkUnited - and yet you're a member and have commented on UK based site. Hypocrisy? And it's not the UK is the only country to temporarily affect the world markets.
This was uploaded in february. A nice light hearted look at the run up to thursdays vote.
Just a warning, there is a small bit of swearing.
From last week
@Arctic_Nights Not all of us. I live in Scotland so I can at least hope we'll quit the UK this time around. Sad for the people that will be left behind, though.
The state of the world is on thin ice, between the brexit in Europe and Trump in America, we will be seeing uninformed idiots making majority votes....and then googling exactly what that vote even meant.
I feel for UK friends who are in a state of uncertainty regarding their jobs and well-being. Get ready, it was only a matter of time before Idiocracy becomes reality.
And then there are the fools claiming "this isnt a big deal" while markets are tumbling and people are losing their jobs. Perfect example of the blind being led by the dumb.
Am I the only person in this thread that has no effing clue what a Brexit is or how it matters to anyone outside [edit: WITHIN] of the united states?^^;;
@smashbrolink People on the US tends to underestimate the importance of foreign events on the world. Brexit means that the UK, one of the world's largest economies, a nuclear power and a permanent seat at UN security council has left a 500+ million people political and economical bloc that also includes world powers like France and Germany. So, it's pretty major news regardless of where you live.
@remag Poll numbers showed that most people voted to remain, and at the polls, not many people showed up.
So basically then, going by what some highly intelligent people are saying on here, only the old and thick stupid people had the sense and could be bothered to turn up and vote then, says it all really then eh
@Samurai_Goroh So basically, a nation gave up their seat on a council?
"Europe's nations should be guided towards the super-state without their people understanding what is happening.This can be accomplished by successive steps, each disguised as having an economic purpose, but which will eventually and irreversibly lead to federation." - Jean Monnet, 'founding father' of the EU The UK should be glad to be out of that mess
I was saddened by the news. For me UK will always be a part of the EU. I'm afraid of a divided Europe. I wish UK will come back to us soon and help us build for a better future EU together. You are needed here with us...
Hmm. As a British Nintendo fan, who did vote to remain, I'm in despair even more so over this. ._. I just hope this won't have much, or at best, any effect in new releases and the future for Nintendo UK. Not only that, but for the future of the country, relations between us and our European allies and friends. Uhm, yeah... :x
@THE_AG It's so immeasurably sad whenever progression for the good of human kind is so wrongfully hindered like this. I used to call myself British but I would rather prefer European from now on. Division is what causes evil in this world.
@SpykeKat Yes. I agree with you...
@THE_AG Yeah. ;-; Let me move to Sweden!
@SpykeKat You are so welcome. Trying to live in another country can bring a lot of experience. After my long visit to France I have often thought about that I would want to trying live there.
@Dezzy actually, this is more like the NX announcement stifling the growth of wii U, Nintendo wasn't the only company hit, and I bet Nintendo UK has been at battle stations.
NOJ didn't like this uncertainty but its the stock market. just look at Sony's stock....
@Blastcorp64 Nintendo already has an Nintendo of UK, they will be fine, remember, Nintendo has their jobs at stake, we don't.
@GravyThief UK has an Nintendo of UK, you are fine for the most part.
@Angelic_Lapras_King Nintendo already has an UK branch, you are fine.
@freaksloan YOU ARE JOKING RIGHT??
the UN is not like the EU, it is like the league of nations...
UN doesn't "own" anything...
@remag I do find that example to be rather simplistic to the ramifications and the decades of rebuilding to replace what was once there in the 1970s...
I am aware of thatchernomics and other "free market profiteering" that pilfered your country dry... I am rather confused as to what this means for the Commonwealth i.e Australia.
but your example is shortsighted in the mass scale of immigration, you can build a wall 10 meteres high, place guard towers around it... but there would be suspicions of "control" on a mass scale to not just let people in but to not let them out.
naturally, a wall is unfeasible with the migration problem, but i'd like to suggest a total breakup of the UK as a possibility and an inevitability.
Scotland, Ireland and wales could decide to leave the UK and make England a country that would be easy to be invaded by Russia... likely Germany and France feel like the EU cannot sustain itself with its debt ridden books... but as they say
Currency war > Trade war > world war.
Stock market will rebound in coming months to pre Brexit levels. Anyone dumping stocks or cashing in their 401Ks right now is an idiot. If anything now is a good time to buy while shares are low.
@WinterWarm You bring an excellent point. Hillary is definitely the lesser of two evils, but the fact remains both candidates are heavily despised. Sanders or Cruz would have either made fine presidents had either secured nomination. I am fearful for our country if Trump gets elected. Mouth off at the wrong time to the wrong leader and start WWIII. What if there were another incident like Cuban Missile Crissis? Kennedy's carismatic negotiations and delicate handling of the situation prevented WWIII. Trump would seem hell bent on bombing the warship to oblivion and ask questions later. Building a wall? Um, it's been done before. Berlin, anyone? That didn't go over too well. Mexicans and Central / South Americans should be allowed to obtain Visas and green cards so they don't have to enter illegally. The only jobs these immigrants are "stealing" are the ones the middle class don't want to do anyway.
What you on about?
Nobody is on about walls etc, just common sense, theres a lot of reasons why the UK is better off out, the same reasons other countries want out, its looking like it will be France or Switzerland next out, is everyone gonna say how wrong they are, then the next ones that leave etc etc etc till there is no EU, its the EU that is wrong, so when the EU is no more are people going to be blind still, are they going to say all our countries are wrong to have left???
Worry about your own countries.
Well, this all became rather political...
I'll just say that the market leaders reacted in a...reactionary way to the Brexit vote, it's an artificially imposed punishment for not staying in, even against markets outside Europe. The EU's top brass are undemocratically appointed (they're not elected like the council), unaccountable to any national government within the EU, and are in league with the top bankers. They have morphed the solidarity the EU once represented into a consolidation of capital resources, and an avenue to further privatize and control weaker nations (like Greece right now).
There's going to be a battle coming soon. Brace yourselves...
It should be noted that the exiting part doesn't immediately come into effect. The top brass of the EU (meaning the unelected, unaccountable leaders) have to approve the motion of a nation leaving. They make the ultimate decision- the vote that a nation's populace makes to leave or stay is merely a vote for the motion to be brought forward, not a guarantee that the nation will leave the EU. Those few elites have more power over the direction of the EU than the 35 million or so UK citizens (out of about 65 million) who turned out to vote.
The EU leaders could opt to reject the Brexit vote, and from that point, the UK government could come back in 2 years or so to continue the motion... And I doubt the EU leaders will approve, unless they see an opportunity to plant a suitable puppet for after Tory steps down. (Boris Johnson is one of those candidates.) Even if they do approve the motion, it wouldn't happen immediately, and there's no binding law saying the exit could not be reversed later.
There are some very shady machinations behind all this... I would say more, but then it would become too political for this site...
@Judgedean Hopefully the TTIP will be dead in the water before it can be brought to the UK. (The unelected, unaccountable EU leadership supports it.) We've had a hell of a time in the USA just trying to get rid of the TPP...
No biggy, will bounce back.
@ UK Congratulations on your vote to leave from under the umbrella of the EU dictatorship (!) and on to a road to democracy. It feels unease at first (thinking for your self, voting for yourself etc. ), but I hope you do the best with it (invest in education f.ex. . Seems like a long way to go, when I am reading the comments on this site ..people thinking there will be "more taxes for imports like the NX and such" hehe
Example on this specific note: Switzerland has 8% taxes on goods, EU 19%.
The politicians are crying because they have to do their job now: working out contracts with other countries and protect their own economy and people. EU wants to deal with England, England wants to deal with the EU - Nothing changed and will change there.
Someone asked yesterday "What do old people need to vote for anyway?" I'll tell you. Because they remember. They weren't born into freedom like you. They had to fight for it. And when the whole of Europe had surrendered, they stood alone to defend this island. Just so you could make your comments without persecution.
Well said, someone with some sense at last
Switzerland has never been in the EU nor do we have the EURO either. Thank's God - no wait: the voting people.
My mate moved to Norway years ago to get out of the stupid backwards nonsense, he said it was the best thing he ever did
@PlywoodStick @remag Thanks guys, for having sense.
@remag Pretty sure that >50% of the UK population aren't war vets. Most people that voted weren't even alive during WWII, they didn't have to fight for anything.
It does'nt seem to matter where you go if you happened to have voted leave your a racist bigot, im happy to have people from various nations living here. I dont see whats so wrong with wanting you own country decided your own laws etc and not a bunch of unelected people in Brussels. Its was like 3 or 400 yrs ago America fought a civil war for it. Also most people seem to think if you of an older generation your vote or opinions are less valid. What id like to see now is sort out untangling the laws and try and get the free trade agreement with at least free movement for skilled workers.( if something like thats possible) and dont want kick anyone out of the country who are already here. btw i voted leave and in my 30's.
@dangermouseuk78 The American Civil War was from 1861-1865, and has only really been a proper nation since a little over a couple hundred years ago. Plus, it was the South that broke away, but then again, the seceded Confederates ratified and protected slavery, including from any conquered lands, under their constitution. Suffice to say, their breakaway was definitely for different reasons.
But I see what you're getting at. The South's agricultural economy was being taken advantage of by the North's more industrialized economy. Much like those who control the EU, and the big bankers, have been taking advantage of the stronger EU members, including the UK.
Yeah if you read all my posts and what ppl that were involved were saying you'd understand what that post was, it was a reply to ppl crying about most of the ppl who voted to stay in were old and that the old ppl basically didn't have a right to vote and that there vote shouldn't matter, you know, that thing called ignorance and disrespect, never mind beyond belief stupid...................
@remag If you look at the results, you can see that it pretty much was a young (stay) vs old (leave) thing. The argument was that in 20-30 years the young generation has to live with the consequences that were made by the old people voting. I don't think it a reasonable argument, but I'm sure they weren't just talking about 80-year old war vets, but about the age 50+ group in general.
Yeah totally understand what your saying, shame your not understanding me?
After all its not like all young and old voted and there just happens to be more old people living than young, so the young were just simply out numbered is it? I hear alot of young people moaning who didnt even vote, maybe it just mattered more to the older?
And just maybe in 20-30 yrs time the young generation of today as you put it, might be bleedin thankful of the right vote going through eh......
As for the 50 and 80 yr olds, those 50 yr olds parents were the 80 yr old war vets as you put, they saw what they're parents went through for our youngsters, for everybody, war skips a generation and everybody forgets and takes everything they fought and died for for granted, what a ........ shame.
@remag I'm sorry, we cant do that, there is a thing called the "global marketplace" and no matter how isolationist your countries policies will be, there is no denying that what you did impacted the ASX in my country...
saying otherwise is blind and niave at this point... we are all connected... if the pound drops, so to does the Australian dollar, I'm sorry if your ignorance with my country prevented you from seeing that what the brexit did sent economic shockwaves world wide and if I was to worry about my country in this regard, well done for crashing the ASX... bravo... you just made the Australian dollar more unstable.
Cadbury moved factory to Poland 2011 with EU grant.
Ford Transit moved to Turkey 2013 with EU grant.
Jaguar Land Rover has recently agreed to build a new plant in Slovakia with EU grant, owned by Tata, the same company who have trashed our steel works and emptied the workers pension funds.
Peugeot closed its Ryton (was Rootes Group) plant and moved production to Slovakia with EU grant.
British Army's new Ajax fighting vehicles to be built in SPAIN using SWEDISH steel at the request of the EU to support jobs in Spain with EU grant, rather than Wales.
Dyson gone to Malaysia, with an EU loan.
Crown Closures, Bournemouth (Was METAL BOX), gone to Poland with EU grant, once employed 1,200.
M&S manufacturing gone to far east with EU loan.
Hornby models gone. In fact all toys and models now gone from UK along with the patents all with with EU grants.
Gillette gone to eastern Europe with EU grant.
Texas Instruments Greenock gone to Germany with EU grant.
Indesit at Bodelwyddan Wales gone with EU grant.
Sekisui Alveo said production at its Merthyr Tydfil Industrial Park foam plant will relocate production to Roermond in the Netherlands, with EU funding.
Hoover Merthyr factory moved out of UK to Czech Republic and the Far East by Italian company Candy with EU backing.
ICI integration into Holland’s AkzoNobel with EU bank loan and within days of the merger, several factories in the UK, were closed, eliminating 3,500 jobs
Boots sold to Italians Stefano Pessina who have based their HQ in Switzerland to avoid tax to the tune of £80 million a year, using an EU loan for the purchase.
JDS Uniphase ( please Google) run by two Dutch men, bought up companies in the UK with £20 million in EU 'regeneration' grants, created a pollution nightmare and just closed it all down leaving 1,200 out of work and an environmental clean-up paid for by the UK tax-payer. They also raided the pension fund and drained it dry.
UK airports are owned by a Spanish company.
Scottish Power is owned by a Spanish company.
Most London buses are run by Spanish and German companies.
The Hinkley Point C nuclear power station to be built by French company EDF, part owned by the French government, using cheap Chinese steel that has catastrophically failed in other nuclear installations. Now EDF say the costs will be double or more and it will be very late even if it does come online.
39% of British invention patents have been passed to foreign companies, many of them in the EU
The Mini cars that Cameron stood in front of as an example of British engineering, are built by BMW mostly in Holland and Austria. His campaign bus was made in Germany even though we have Plaxton, Optare, Bluebird, Dennis etc., in the UK. The bicycle for the Greens was made in the far east, not by Raleigh UK but then they are probably going to move to the Netherlands too as they have said recently.
Anyone who thinks the EU is good for British industry or any other business simply hasn't paid attention to what has been systematically asset-stripped from the UK.
See, were trying to sort our country out, or do you want our country to go down the pan just so other countries can be ok??? We don't and wont, weve put up with being bled dry and dictated to thank you!!!
@remag considering Australia is apart of the commonwealth... we want our own independence as well...
Tap here to load 231 comments
Leave A Comment
Hold on there, you need to login to post a comment...