Application of amorphous soft magnets in electric-utility and industrial transformers are increasingly being adopted, helping to solve global warming and energy-saving problems. In addition, amorphous metal-based magnetic components are used in power electronics, telecommunication equipment, sensing devices, electronic article surveillance systems, etc. Some magnetic inductors find applications in pulse power devices, automotive ignition coils, and electric power conditioning systems. All of these applications are possible because of faster flux reversal, lower magnetic loss and more versatile property modification achievable in amorphous alloys. Improvements in materials processing and device fabrication technology will continue to take place, which will further increase the universe of application of amorphous soft magnets. Some fundamental problems associated with the applications are mentioned.