Despite a few attempts by Commodore to discontinue the C64 in favor of other, higher priced machines, constant demand made its discontinuation a hard task. By 1988, Commodore was selling 1.5 million C64s worldwide. Although demand for the C64 dropped off in the US by 1990, it continued to be popular in the UK and other European countries. In the end, economics, not obsolescence, sealed the C64's fate. In March 1994, at CeBIT in Hanover|Hanover, Germany, Commodore announced that the C64 would be finally discontinued in 1995. Commodore stated that the C64's 1541 |disk drive was more expensive to manufacture than the C64 itself. Although Commodore had planned to discontinue the C64 by 1995, the company filed for bankruptcy a month later, in April 1994.