The company has announced that they will no longer officially sell its hardware products in Brazil.
Apparently, the high taxes and the continuous movement of the Brazilian market led Nintendo to take this decision.
Nintendo said in a statement:
“In response to ongoing developments in the Brazilian market, Nintendo of America Inc. today announced changes to the physical distribution of its products in that country. Starting in January 2015, Gaming do Brasil, a wholly-owned subsidiary of Juegos de Video Latinoamérica, GmbH, will no longer distribute Nintendo products in Brazil.”