A volume-based earbud switching method is applied to a wearable device. The wearable device includes: a first earbud and a second earbud; The method includes: obtaining a first volume of the first earbud and a second volume of a second earbud; calculating a first power consumption speed of the first earbud and a second power consumption speed of the second earbud; and determining an earbud switching policy between the first earbud and the second earbud according to the first and the second power consumption speeds; and sending an earbud switching command to an electronic device connected with the wearable device according to the earbud switching policy, wherein the earbud switching command is used to direct the electronic device to execute switching between the first earbud and the second earbud.