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In today's video tutorial, the speaker demonstrates how to reduce file size for photos on an iPhone. The first step is to go to the settings application, scroll down to find the camera application, and select the high efficiency format for capturing photos and videos to reduce file size. While this format may affect image quality, it is an effective way to reduce the overall file size of your photos. It is a well-known tip for many, but it can be helpful for those who are unaware.