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In this video tutorial, the creator explains how to reduce the file size of photos on an iPhone. The first step is to go to the settings application and select the camera option. The creator recommends using the high efficiency format for capturing photos and videos to reduce file size, although it may slightly lower the quality. Most compatible format uses jpeg.h264 and increases file size. Setting it to high efficiency will reduce file size but may impact quality. This is a common tip but helpful for anyone looking to save storage space on their device.