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In this video tutorial, the speaker shows viewers how to reduce the file size of photos on an iPhone. They recommend changing the camera settings to capture photos and videos in the high efficiency format rather than the most compatible format, which uses jpeg.h264 and increases file size. Though high efficiency may slightly reduce quality, it still offers good quality and is ideal for those looking to reduce file size. The first step is to go to the settings application, scroll down to the camera application, and select high efficiency format.