An image pickup apparatus includes: a lens and an image pickup sensor; an image stabilization circuit configured to relatively shift an object image and the image pickup sensor within a predetermined movable range; an image stabilization driver configured to control the image stabilization circuit to perform image stabilization and pixel shifting, and adjust pixel shifting based on a pixel shift adjustment amount corresponding to a control state of the image stabilization circuit; and a microcomputer configured to cause the image pickup sensor to continuously pick up a plurality of images while causing the image stabilization driver to perform image stabilization in an exposure period and perform adjusted pixel shifting in a non-exposure period.