A stereoscopic imaging apparatus and method, a display, and a terminal are disclosed. A stereoscopic imaging apparatus (100) includes: a display panel (110), including a pixel array and configured to display images; and at least two lens layers (120, 130), disposed in a position corresponding to the pixel array, and configured to alternately deflect, according to applied time-multiplexing electric fields, light rays of the images displayed by all pixels (111 to 116) in the pixel array to at least four different projection directions, where a deflection angle corresponding to the at least four different projection directions is a sum of deflection angles of all of the at least two lens layers (120, 130), so that multiple persons can simultaneously view a three-dimensional stereoscopic image.