A method for managing a media transmission path includes: obtaining location information of a terminal; determining an application function user plane anchor device corresponding to the terminal, and an application function user plane edge device that has a minimum transmission delay, where the transmission delay is between the application function user plane edge device and the terminal; establishing media transmission paths between the application function user plane anchor device and the application function user plane edge device, and between the application function user plane edge device and the terminal; selecting a new application function user plane edge device when a location of the terminal changes; and handing over the terminal to the new application function user plane edge device. This method reduces a delay of a media transmission path, and can better meet a requirement of a delay sensitive service.