The Apple stock market may be soaring today, but it’s not a one-off.
This year, the company is projected to generate a $21 billion profit.
The numbers are not good news for investors, however.
According to a report from financial news outlet Bankrate, Apple’s earnings are projected to fall from $20 billion to $18 billion.
That means the company’s profit per share is expected to decline from $15 to $14 per share.
Apple’s earnings have fallen from $19.20 to $19 a share in 2017, but the company was still profitable at $18.74 per share last year.
Analysts are worried that the company will struggle to continue to generate revenue with a $20 a share profit, especially with its growing smartphone business.
“The iPhone is the key to Apple’s long-term growth, and it’s the one thing that will keep the company afloat for the foreseeable future,” Bankrate analyst Jason Shafer wrote.
“The next five years are going to be critical for Apple.”
Apple stock has lost about half its value over the past year.
The company lost more than $15 billion in 2017.