It very nearly is. I knew a professional, career photographer. He was probably in his late 50s. Just a few years ago, it had become extremely difficult to convince clients that actual, professional photos were warranted. With high-quality iPhone cameras, businesses simply didn't see the value of professional composition, post-processing, etc.
These days, anyone can buy a DSLR with a decent lens, post on Facebook, and be a 'professional' photographer. This has driven prices down and actual professional photographers can't make a living anymore.