Why is always cheaper to buy songs from HMV than from iTunes Store?

I really wish to know the reason why is always cheaper to buy the whole CD from HMV than downloading from iTunes Store.
Today I was looking for the Foo Fighters Greatest Hits... to buy it from iTunes Store will cost me £5,99, but the buy the proper CD itself from HMV with free delivery will cost me £3,99, about 40% cheaper than iTunes.
Another good example: 101 Running Songs Lap 2, iTunes Store: £13,99, HMV with free delivery: £7,99
The point is, Apple is not spending a penny when we download it, but to buy the CD itself, there are a whole lot of material included, the CD box, prints, the CD itself, plus P&P and is cheaper.
Something is wrong...

"PS: in this world, nobody do something without making profits. Apple do make a good money with iTunes Store.
http://mediamemo.allthingsd.com/20100225/apple-billions-of-songs-billions-of-app s-not-much-profit/
Yes. They make a little money from itunes , but the majority are from sales of ipods/iphones/ipads/etc.
"Even at today’s hyper volume, the digital store is still running at “a bit over break-even,” the company reminded analysts during its earnings call last month."
A 99 cent song costs Apple approx. 80 cents from any the online reports that I have seen.
Apple pays for servers and bandwidth, instead of cd's.

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