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In this video tutorial, the presenter explains how to reduce the file size of photos on an iPhone by changing the format settings in the camera application. By switching to the high efficiency format, users can decrease file size at the expense of some quality. This adjustment is done in the settings application under the camera section. Choosing high efficiency over most compatible will result in smaller file sizes for photos and videos captured on the iPhone. This option is known to many, but it is a helpful tip for those who may not be aware.