Provided is a method of adjusting volume of an audio signal output from an electronic device, the method including: connecting the electronic device and a mobile terminal; receiving, by the electronic device, at least one of setting information regarding adjusting of the volume of the audio signal and usage history information of the at least one mobile terminal; receiving, by the electronic device, event generation information from the at least one mobile terminal; determining, by the electronic device, a volume adjusting operation to be performed on the audio signal based on the at least one of the setting information and the usage history information, and the event generation information; and adjusting the volume of the audio signal according to the volume adjusting operation.