An embodiment of this application provides an electronic device with a movable lifting component, including a base, a lifting component, and a first driving assembly, where the base is fastened to a rear cover of a housing of the electronic device, the first driving assembly rotatably matches the base, and the lifting component is sleeved on an inner side of the first driving assembly. The first driving assembly may rotate relative to the base, the first driving assembly drives the lifting component to move in a direction parallel to an optical axis toward the outside of the housing to form an avoidance space, and a first lens assembly may move in the avoidance space.