Nintendo Pulls Out of Brazil Over High Taxes

Nintendo has pulled all its products from the Brazilian market. The console manufacturer made the decision due to the country’s rising import fees and high taxes for electronics companies. However, Nintendo intends to retain a presence in neighbouring South American countries.

Brazil’s high import fees for electronics companies are intended to protect civil manufacturing jobs and to encourage businesses to produce its goods within the country, rather than ship them in. Nintendo, though, seems to have reasoned that the cost of producing its hardware in Brazil does not make business sense.

Bill van Zyll, General Manager for Nintendo of Latin America, has apologised to Brazilian customers, blaming Brazil’s local business environment for the withdrawal.

Source: Techspot