Virtual reality is the mobile industry’s great hope for developing brand new user experiences to inject new growth into smartphone adoption, and handsets are likely to dominate the VR mass market as that emerges. The technology has been a highlight at recent events from Google’s I/O conference to last week’s giant Computex trade show in Taiwan, where ARM announced its new Cortex-A73 CPU and Mali-G71 GPU designs, with a strong focus on their potential in mobile VR experiences. Virtual reality could be a strong driver for growth for the coming generations of smartphones because handsets are the easiest way for consumers to access VR content. With a cheap adapter, ranging from Samsung’s $99 Gear VR all the way down to…