1. An image generating apparatus, comprising: a processor; and a memory having instructions stored therein which are executable by the processor to cause the processor to: cause a display to separately and simultaneously display (i) a panoramic image in progress corresponding to images which are captured by an image capturing unit, and (ii) a live-view image corresponding to an image that is newly captured by the image capturing unit while images are being captured by the image capturing unit; receive an instruction to terminate image capture processing for generating panoramic image data while the panoramic image in progress and the live-view image are being displayed; and perform, in response to reception of the instruction, control to record, as a completed panoramic image, panoramic image data generated from the images captured by a time when reception of the instruction is finished, even if images have not yet been captured in a predetermined capture range set in advance for a full panoramic image to be generated.