An image pickup apparatus includes an image pickup unit that picks up an image of a subject; an internal memory; a removable external memory; a compression processing unit that compresses the image picked up by the image pickup unit to generate a picked-up image; a recording processing unit that records the picked-up image in the removable external memory and records the compressed image corresponding to the picked-up image in the internal memory; and an editing processing unit that edits the picked-up image in the removable external memory and the compressed image in the internal memory. For a compressed image in the internal memory, a reservation for editing a picked-up image corresponding to the compressed image and recorded in the unmounted removable external memory can be made.