An image pickup apparatus includes a first image reduction unit configured to reduce the size of an image output by an image pickup element, a memory configured to store the image reduced by the first image reduction unit, an external output unit configured to output the image stored in the memory, a display configured to display an image being shot, a second image reduction unit configured to reduce, to the display size on the display, the image reduced by the first image reduction unit, without causing the reduced image to be stored in the memory and a signal processor for the display configured to perform signal processing of the image reduced to the display size on the display.