An electronic device and a method of controlling the same are provided. The electronic device includes a housing foldable about a first axis; a foldable display foldable about a second axis parallel to the first axis; a folding sensor circuit configured to detect a display state of at least one of the housing or the foldable display; a memory storing instructions; and a processor configured to execute the instructions stored in the memory to: determine a position of a virtual light source with respect to the foldable display based on context information associated with the electronic device; render an image based on the display state detected by the folding sensor circuit and the position of the virtual light source; and control the foldable display to display the rendered image.