An image processing method includes: performing an equirectangular projection on a first fisheye image and a second fisheye image to obtain a first equirectangular image and a second equirectangular image; swapping positions of a left-half image of the second equirectangular image and a right-half image of the second equirectangular image to obtain a third equirectangular image; rotating the first equirectangular image and the third equirectangular image by 90 degrees in a spherical coordinate system to obtain a first rotated image and a second rotated image; stitching the first rotated image and the second rotated image to obtain a stitched image; and rotating the stitched image by −90 degrees in the spherical coordinate system to obtain a panoramic image.